I'm not comfortable with recent verbal attacks by some of the biggest names in insurance about AIG's pricing decisions. Indeed, I'm surprised consumer advocates, state regulators and members of Congress haven't lambasted those shooting off their mouths for trying to browbeat AIG into hiking rates.

In the past, it's been routine for industry leaders to complain about the market being too soft–but in general terms. I can't recall hearing the top dogs hounding one particular carrier about charging too little.

Liberty Mutual's outspoken chairman, president and CEO, Ed Kelly–in a conference call about his company's results–said AIG had “intensified its efforts to increase market share, or at least preserve it.” He accused AIG of “doing some very stupid things,” and warned if AIG is “not reined in, it could be very destabilizing for the market.”

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