Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : AIG: American Int'l Group, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Bill J. Duke who wrote (2)	1/19/2001 10:07:04 AM
From: Bill J. Duke	Read Replies (1) \| Respond to of 14

From RB: I hope it is true and that it is E*Trade Rumor by employees at AIG is that HG is trying or going to buy a very big brkerage investment house. High cost will dilute shares.

To: Bill J. Duke who wrote (2)	2/18/2003 1:24:26 PM
From: Mark	Respond to of 14

I'm sure you know this by now, but about 10 days ago, AIG made public that it took an additional 1.8 billion dollar reserve against future Workers Compensation claims, and Director's Liability Insurance Claims. These are not "back-breaking, and I believe the market is over-reacting. Our company is a client of AIG for Workers Compensation, and the premium rates exploded upwards by some 38.9% this year. I understand from others in my industry that this is happening all over. Bottom line - AIG will make back that reserve and then some in short order. The stock is a bargain at these prices. Be well. Mark