Turmoil at AIG

The board of struggling insurance titan American International Group Inc. forced out its chief executive and replaced him with its chairman, Robert Willumstad, betting that Mr. Willumstad’s long experience at financial giant Citigroup Inc. will aid in turning around AIG’s own complex and sprawling empire.

When the largest, strongest insurance carrier in the U.S. has problems, it is worth paying attention. Former AIG head, Hank Greenberg is certainly having his share of problems. You can read the whole article originally published on the front page of the Wall Street Journal HERE on Advisen.