Thread regarding AIG (American Intl Group Inc.) layoffs

RIFs Today

About 50 happening today in Primary WC Claims...Good luck!

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Post ID: @11xw69oZ

30 replies (most recent on top)

More RIFs today in BH. Approx 15 in specialty comp.

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Post ID: @11xw69oZ-ocrt

Any updates with work comp being sold? Or more rifs?

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Post ID: @11xw69oZ-kcue

I believe that there are and have been more RIF's in the works for 2020. Now with the fires in CA, they will use that as an excuse. Just wait and watch.

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Post ID: @11xw69oZ-dbzf

@11xw69oZ-1alv You do know why WC is doing so terribly, right? They've been automatically renewing the majority of policies without any underwriting review (through a system) and then quickly trying to cancel policies that they identified didn't make the cut. Div 13. Anyone in WC knows this segment is huge.

But instead of laying off the people who allowed this... shame to take place, or work to acknowledge and fix it (last I checked they refused to acknowledge it as a problem) they lay off you instead. It's not efficient, and it's not right. It's not the expense ratio (claims), it's the lack of care in what they're writing.

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Post ID: @11xw69oZ-dpzb

3 AVP's got it this week too. There is more to come in November from what I have been told. Not sure if there are more to come this month. I know several people were on PTO this week so they may get RIF'd too.

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Post ID: @11xw69oZ-3zez

Home office got hit hard. Deservingly as there was to much oversight. I got my walking papers today as I am back from PTO. I feel like a rat getting paid for jumping a sinking ship. I am good with that. I will miss my people though.

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Post ID: @11xw69oZ-3lni

Yesterday and today RIF's in Wilmington and offices that report to Wilmington. Managers and Adjusters. The message continues to work hard on decreasing pending and closing files so more employees can be RIF'd

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Post ID: @11xw69oZ-2coq

Legal in Alpharetta Ga was RIF;d yesterday

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Post ID: @11xw69oZ-1kup

Legal team in Dallas was Rifd today

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Post ID: @11xw69oZ-1cfy

San Diego is the only area that I am hearing are having RIF's today. Hopefully that's it for a while.

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Post ID: @11xw69oZ-1gxs

I agree with post 1a1v-after 14 years at AIG, the package I got will take me through mid-May. I was so ready to go and my only fear was getting thrown out with nothing but that didn’t happen-not by a long shot. I wish AIG and all the current employees the best.

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Post ID: @11xw69oZ-1yvw

After 11 years at AIG Worker's Compensation, I received a decent severance package. I harbor no ill will toward AIG. They have correctly identified Worker's Compensation (WC) as an unprofitable line of business. They are non-renewing WC accounts that have high claim counts and insureds that have no light duty return to work programs. The accounts AIG continues to write have high retention levels and or have TPAs handling them with a lower overhead cost to AIG. The stock has gone from the mid thirties to the mid fifties in the last year. Good luck to those who continue to work for AIG and I wish nothing but the best for the company going forward.

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Post ID: @11xw69oZ-1alv

More RIF's expected today in San Diego region.

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Post ID: @11xw69oZ-1ryy

I haven't heard of any RIF's today. Maybe they are done for the rest of this week. I sure hope so

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Post ID: @11xw69oZ-1kem

Well there is an AVP on the eastern part of the country that should get it. She is rude and crude and has more employees leaving because of the way she manages

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Post ID: @11xw69oZ-1sjs

AVPs, home office and settlement strategy home office... all gone (few exceptions). Meetings this week, should be interesting.

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Post ID: @11xw69oZ-1oah

To Post ID: @11xw69oZ-1ruy. I wish you the best of luck. I can tell you from what I have heard from most employees that have been RIF'd or quit, they are much happier at the companies they went to. This place has been very stressful for the last 4 years and it's not going to get any better. It's so top heavy and getting heavier at the top everyday. Good luck and report back how you are doing

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Post ID: @11xw69oZ-1dac

I got my package today and I am relieved...I feel sorry for the ones left behind. The last several months have been miserable. Looking forward to doing anything else somewhere that actually appreciates their employees. That has not been AIG for quite some time.

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Post ID: @11xw69oZ-1ruy

What about GL claims? Any layoffs in the works?

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Post ID: @11xw69oZ-whk

Since MMS only works with work comp does anyone know if MMS will be included with layoffs this week

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Post ID: @11xw69oZ-npc

Layoffs occurred in Clayton, Dallas, Albany, Wilmington, Alpharetta,Tampa, North Carolina and many more. It happened in WC Claims all over the country. Too many locations to list

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Post ID: @11xw69oZ-cgl

What cities were laid off

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Post ID: @11xw69oZ-zge

WC is part of Middle Market.

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Post ID: @11xw69oZ-dns

Agree with Post ID: @11xw69oZ-vhb. They are s—ing the life out of the worker bees. How can you work when they are continually RIFing employees but adding management, senior management and creating new positions. With all the RIF's I would think that they wouldn't need as much senior management. Shame on this company. I am just wondering how long before they will have to be bailed out again

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Post ID: @11xw69oZ-kkc

work slowdown! go to the bathroom, get coffee, have computer issues. Do Nothing!!!

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Post ID: @11xw69oZ-vhb

Come on...let's go!

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Post ID: @11xw69oZ-xks

What is meant by Middle Market Division?

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Post ID: @11xw69oZ-pxl

It's happening all over the country today and tommorrow in Workers Compensation.

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Post ID: @11xw69oZ-psc

I got my package...clicking my heels all the way out the door.

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Post ID: @11xw69oZ-dkv

200 in middle market division

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Post ID: @11xw69oZ-imp

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