I'm not comfortable with recent verbal attacks by some of the biggest names in insurance about the pricing decisions of American International Group. Indeed, I'm surprised consumer advocates and members of Congress haven't lambasted industry leaders for trying to browbeat AIG into charging more for its coverage.
For example, the lead news story in NU's Nov. 17 edition reported that Liberty Mutuals outspoken chairman, president and CEO, Edmund F. Kellyin a conference call talking about his companys resultsaccused AIG of making stupid moves that threaten to destabilize the market in its pursuit of commercial insurance business.
Mr. Kelly said AIG had intensified its efforts to increase market share, or at least preserve it, and was doing some very stupid things in the market.
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