Calling reports in the press misleading, AIG representatives sought to clarify the amount borrowing by the company against its credit line with the Federal Reserve Bank.
During a Risk and Insurance Management Society webinar titled "AIG: An Update On The Latest Strategic Developments," John Doyle president and chief executive officer of AIG Commercial Insurance, said initially, when AIG's problems hit the news, he felt the challenge was to get the message out that the liquidity issues involved the AIG parent company, not AIG Commercial. On that front, he said he believes the company has been successful.
Lately, though, he cited "media hype" as adversely affecting the perception of the company, and he said AIG has also been made a "political object" over the last couple of weeks.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
