Thread regarding AIG (American Intl Group Inc.) layoffs

We are finished as the big player in general insurance

AIG will eventually merge with another company or use the AIG name to only manage financial products. GI will go away. AIG can't efficiently manage general insurance companies and they simply cannot make money doing it. Every system that we have is too antiquated to compete in today's world and no one will invest what it takes to make us competitive. It's just a matter of time before most employees are gone. BD and Senior Management will walk away with outrageous packages...more money wasted again. It's very clear that this is a sinking ship. Get your life jackets out and be ready

On point post by @ZvJWx4L-2lfq.

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| 1891 views | | 4 replies (last August 8, 2019) | Reply
Post ID: @OP+ZyROcTR

4 replies (most recent on top)

Yes we are finished as the big player in general insurance. It's all about reinsurance, life, and crop. WC is being transitioned to TPA's. Sad... sad...sad

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Post ID: @Tgic+ZyROcTR

you need to come to reality and get help @ZyROcTR-hno

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Post ID: @1vam+ZyROcTR

get some help...

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Post ID: @hno+ZyROcTR

Yes it's sad but it's the truth. I believe that we will either keep the claims we have or sell them to another company. I have my doubts about anyone buying GI. Why would they have to when they have better leadership. The Producers and Brokers will just go with another company. Sad because we have good employees, it's just our Management that are greedy and don't know how to run the company except for downsizing and RIFing

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Post ID: @rss+ZyROcTR

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