http://jubakpicks.com/2009/11/25/sell-w-r-berkley-wrb/ Mon, 15 Mar 2010 02:20:50 -0400 http://wordpress.org/?v=2.9.2 hourly 1 http://jubakpicks.com/2009/11/25/sell-w-r-berkley-wrb/comment-page-1/#comment-2016 Jim Jubak Mon, 30 Nov 2009 18:44:27 +0000 http://jubakpicks.com/?p=2298#comment-2016 Check out the warning on AIG this morning from Bernstein. Says in a nutshell that AIG has been cutting prices to gain/keep business and under-reserving for potential losses. Company says it is untrue. AIG down 12% today (as of 1:30 ET). Check out the warning on AIG this morning from Bernstein. Says in a nutshell that AIG has been cutting prices to gain/keep business and under-reserving for potential losses. Company says it is untrue. AIG down 12% today (as of 1:30 ET).

]]> http://jubakpicks.com/2009/11/25/sell-w-r-berkley-wrb/comment-page-1/#comment-2009 TLA Mon, 30 Nov 2009 12:44:04 +0000 http://jubakpicks.com/?p=2298#comment-2009 Well now it seems that the bailout has had another negative consequence, an irrational market for insurance. I think the US government should require AIG to follow pricing set by other industry competitors. Under bidding competition at this point becomes risky again for the US taxpayers. AIG is a huge problem for everyone and not enough ink is spilled over the situation. This reckless activity by AIG in their business is a Moral Hazzard. Thanks Jim for all your insight. Well now it seems that the bailout has had another negative consequence, an irrational market for insurance. I think the US government should require AIG to follow pricing set by other industry competitors. Under bidding competition at this point becomes risky again for the US taxpayers. AIG is a huge problem for everyone and not enough ink is spilled over the situation. This reckless activity by AIG in their business is a Moral Hazzard.
Thanks Jim for all your insight.

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