ADVISEN Briefing: Risk Managers and AIG

Diversified is a subscriber to ADVISEN. I find it to be a great tool and source of information regarding insurance and risk management. ADVISEN has taken over the annual RIMS Benchmark Survey and has some great benchmarking tools available to subscribers.

In ADVISEN’s latest survey of 1000 Risk Managers (that are all AIG policyholders), it is reported that most are confident in the financial strength of AIG insurance companies following the $85 billion loan by the federal government. Two thirds plan to get quotes from AIG’s competition when their policies renew. It is likely that AIG will compete viciously vigorously for the business and will heighten price competition in an already soft market.

Sounds like a win-win for insurance consumers. LET THE GAMES BEGIN!