Here in Orlando, where thousands are gathered for the RIMS conference, the weather is perfect. At a reception I attended, however, the subject quickly turned away from the weather to the economy.
When I expressed some surprise that overall rates are still as flat as they areand are only projected to start firming in the distant fourth quartereyebrows were raised.
Theres a reason for that, they said, spelled with three letters: A-I-G.AIG is undercutting other insurers by more than 10 percent andAIG employees are under considerable pressure to hold onto their clients. One person said AIG is offering further incentives to keep its existing clients
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