Insurance Producers Start to Move Business from AIG to Competitors

Despite assurance from state regulators that the insurance subsidiaries of American International Group (AIG) are financially sound, insurance producers are moving accounts from AIG.

A survey by Insurance Journal of 1,000 insurance producers including 782 who say they have accounts with AIG found that 343 producers have had clients ask them to move their account out of AIG. That's 43.8 percent of producers with AIG accounts.

Insurance Producers Start to Move Business from AIG to Competitors
Source: Insurance Journal