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Insurance Business | 11 Jan 2016, 06:30 AM Agree 0
American International Group continues to shed employees as it seeks to streamline operations and cut losses
  • regina | 11 Jan 2016, 01:18 PM Agree 0
    I am sure this is a bitter pill for many to swallow considering AIG paid over 6mil in BONUSES to their top dogs recently..
  • Anonymous | 11 Jan 2016, 01:54 PM Agree 0
    If AIG believes that making this company a GHOST town And not retaining talent is the way to proceed, then I am embarrassed for a Company that once shone as bright as the sun. Stop the upheaval already . It's getting old!

  • Dave | 11 Jan 2016, 03:27 PM Agree 0
    Again, the biggest cost of any respectable insurance company is insured losses. Somewhere between 60-80%. AIG has been famous (infamous) for under-pricing their insurance. The need better underwriting, not letting go of those who underwrite. Be interesting to see where this takes them.
  • Anonymous | 11 Jan 2016, 05:03 PM Agree 0
    More like 1500 employees laid off.
  • Rob Jones, CLU, CFP | 11 Jan 2016, 08:17 PM Agree 0
    I am an independent broker who has represented American General Life, an AIG subsidiary company [unfortunately], for 45 years. Why is it, that when a company gets in trouble, the first thing they cut is their sales force ? These offices were primarily American General Life and Accident district offices, old Debit collection operations, which were very profitable. A few years ago AIG changed AGLA from a Debt company to a financial planning organization. How ridiculous !! Woody Woodson once told me that the most profitable life insurance company to own was a well run southern debit ins, company, and the second most profitable to own was a poorly run southern debit ins. company. Woody built American General Corp. to the power house it became. If it ain't broken, don't fix it.
  • Louis Gatlin | 12 Jan 2016, 03:56 PM Agree 0
    This is because insurance companies have too many managers that do squat.
  • PCB | 13 Jan 2016, 10:45 AM Agree 0
    AIG may be one of the first to cut their field force, but they won't be the last. Pending Department of Labor regulations on redefining 'fiduciary responsibility' and the looming multi-trillion dollar tax burden on the insurance industry recommended by the current Obama Administration will have chilling effect on employment overall.
  • Anonymous. | 14 Jan 2016, 03:32 PM Agree 0
    AIG systematically dismantled AGLA over the past 5 + years. Cutting the pension was the first step. In 2013 they fired all the executives of AGLA and most of the office managers. Same scenario, escorted out with security guards. This was just another step in the dismantlement. In response to Louis, they didn't fire managers who did squat because they already did that 3 years ago. Never would have been in this mess if Maurice Greenburg was still at the helm.
  • Rick Youssef | 18 Jan 2016, 06:14 PM Agree 0
    I hope the people effected recover from this blow. Keep heads up and move on. Good luck
  • L Leon-Agent | 20 Jan 2016, 08:23 AM Agree 0
    When companies invest in the Agents first, then you can have longevity. The foot soldier is who do the work. Invest in him/her and the company will never die. This is the greatest example when the companies don't follow this principle. Who gets hurt the most is the families who watch thier husband/wives spend countless of hours every day in the fields for these companies. Invest in the Agents for big time return on investments. This kind of stuff will happen (AIG)! Thanks
  • Joe | 21 Jan 2016, 10:52 PM Agree 0
    What was terrible was the way they did it. They told the employees to be on a conference call to talk about product changes and then fired them on the spot. I was told they had security officials there when the call ended to escort them all out of the offices. These were the same people who stuck with AIG during the bailout when they weren't even part of the derivative scam that caused the problem. AIG should be ashamed of themself!
  • Jana P | 23 Feb 2016, 01:56 PM Agree 0
    I just cancelled 7 of my policies that I had with them for years! I used to work for them years ago and really enjoyed it. Shame on AIG. They will surely go under from cancelled policies. No agent, no business!
  • World Financial Group | 01 Mar 2016, 03:15 PM Agree 0
    Ontario/Rancho Cucamonga area is looking for licensed professionals who have been laid off recently. For more information and job opportunities email me: Julieanna Lange, at we have many openings but the opportunities are going FAST.
  • Max@The Alliance | 03 Mar 2016, 12:39 PM Agree 0
    We are looking for sharp business minded people in your area. These positions are available right now. Email me at
  • AGLA7 | 16 Mar 2016, 02:59 AM Agree 0
    Your nothing without the sales force..
    Karma is a bitch..
  • Barbara | 17 Mar 2016, 01:39 AM Agree 0
    They're at it again- workers asked to be on mandatory conference call today- set up last week. This morning they set up 2 calls- first group got the boot- with no thank you for your work- in a 2 minute call.
  • Anonymous | 17 Mar 2016, 02:49 PM Agree 0
    Have fun with your layoffs AIG. Nothing like leaving departments empty with no one to do the work. And leaving everyone else to have a mental breakdown with the amount of work they have to do. Very ethical of you (sarcasm). I plan on getting my husband out of there. They don't deserve his talent.
  • Hank | 31 Mar 2016, 09:28 PM Agree 0
    It's become a sad place to work. It was once a great company. Everyone is fearful of the axe coming down each pay period. I have been with AIG a very long time....this is the worst I have seen it.
  • LOU PADILLA | 12 Apr 2016, 03:15 AM Agree 0
    " AIG paid over 6 mil in BONUSES to their top dogs recently.. " How many injured workers and medical providers were defrauded out of payments they were legally entitled to??
  • Roberta Levy | 14 Apr 2016, 11:55 PM Agree 0
    At least BCBS of Illinois sent all us independent agents a letter the end of February advising as of April 1st, no commissions would be paid on new business sold to the under 65ers. How beautifully they put it too..."please feel free to continue to write your clients with us....We appreciate you all so very much"....How much more could a person want from a company in these terrible days for agents....LOYALTY, perhaps?? They ended the letter with the unasked question any reader had... (agents who could still continue reading the letter) that by the end of this year, they will make a decision whether or not to cut off all commissions for policies sold prior to the 4/1/16 deadline. Ya think they may continue to give me the commish from the last 20 years I have been one of their agents??? Only if I continue to believe in the tooth fairy....
  • Chris pirke | 09 May 2016, 05:07 PM Agree 0
    My father mark pirke was laid off because the company lost billions of dollars and made 70 thousand dollars a year
  • | 11 Jan 2017, 12:08 PM Agree 0
    Is a policyholder who would be contact in reference to our policies that were taken out with your company our agent has not been seen since April this year or last year we need someone to contact
    • Chad R | 29 Mar 2017, 12:23 AM Agree 0
      Wow, if I had a policy with AIG or I was needing service quickly.
      I would call the State Commissioner's office at the Department of Insurance & speak with the agent in Charge of Regulation, Compliance and State Enforcement of Insurance Standards & Statutes.
      Hope this help's you.
  • WRS | 05 Jun 2017, 11:43 PM Agree 0
    As a former employee AIG was a great company to work for. They have had government bail outs and have now closed nearly all of their district sales offices. Hey AIG, you still need a sales force! Television ads and the internet are not the answer. Clients still demand that personal service of an agent they can trust and call upon when a need, such as death arises. Agents made promises to clients that they would be there for them in those times of need and be there to service their insurance. Now the service comes from calling the company and listening to a confusing menu for most clients. The company was built on personal service and now there's none.
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