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Strategies & Market Trends : Free Float Trading/ Portfolio Development/ Index Stategies
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From: dvdw©3/9/2009 8:56:50 AM
of 3821
 
AIG Observation.....not acting like an insurance company is it?

Couple years ago i got a ticket for a rolling stop at a stop sign, paid the ticket and that was the end of it, until my insurance company raised my rates for this infraction, despite no other infractions over 12 years.

AIG must not be paying attention...insurance rule book 101

if your customer uses your insurance..(claims or violations triggering fine print clause as cause)...other insurance companies Raise the costs of using it.....the customer pays more for that use, not less. Rising premiums guarantee that they can keep apace of the provided potential liability....at the first signs of customer claims aig should have been raising rates at a clip that would cause the customer to say this is not economic......and they go elsewhere....in going elsewhere the risk goes with them, but no..... that isnt what happened is it?

Whats a matter with you AIG?....flunk insurance 101...or was it all part of the plan? cozy relationships to sustain contrivance.....oh my what a tangled web they weave.

AIG provided risk insurance and forgot how "pricing power" is used, with those customers who actually use your services..as applied, within the business called insurance...shame on you aig.
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