While 68 percent of risk managers are “very confident” or “somewhat confident” in American International Group's financial security following the $85 billion federal bailout of its corporate parent, 71 percent will consider alternatives to AIG at renewal, an Advisen survey revealed.
In written comments included with the study, buyers said they believe AIG's insurer entities have been effectively insulated by state insurance regulations from the parent company's financial crisis.
According to the survey, less than 8 percent of all respondents–and only about 6 percent of those from companies actually insured by AIG–said they are “very concerned” about the financial condition of AIG's insurance companies.
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