AIG has today acknowledged that the company over a period of years intentionally misled investors, regulators and policyholders about the company's financial condition and operations. |
continue to investigate with the Attorney General's office allegations of illegal behavior that prevent consumers from getting the best insurance products at the best price. |
It's strictly a perception issue. |
It's tragic but often times we need an event like Katrina to prod us into action as a country. A national catastrophe fund pool would provide the funds and resources to help rebuild capacity very quickly. |
The Insurance Department will continue to investigate with the Attorney General's office allegations of illegal behavior that prevent consumers from getting the best insurance products at the best price. |
There are an increasing number of cancellations in Manhattan that we believe are related to the lack of terrorism coverage, ... We're very concerned about this situation. |
We do not anticipate a crisis in the market. We expect some of Allstate's competition will take advantage of this and pick up some of the business. |
We have expressed to Allstate that we are extremely dissatisfied with their decision to non-renew. |