About 50 happening today in Primary WC Claims...Good luck!
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More RIFs today in BH. Approx 15 in specialty comp.
Any updates with work comp being sold? Or more rifs?
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.
@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.
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.
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.
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
Legal in Alpharetta Ga was RIF;d yesterday
Legal team in Dallas was Rifd today
San Diego is the only area that I am hearing are having RIF's today. Hopefully that's it for a while.
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.
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.
More RIF's expected today in San Diego region.
I haven't heard of any RIF's today. Maybe they are done for the rest of this week. I sure hope so
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
AVPs, home office and settlement strategy home office... all gone (few exceptions). Meetings this week, should be interesting.
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
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.
What about GL claims? Any layoffs in the works?
Since MMS only works with work comp does anyone know if MMS will be included with layoffs this week
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
What cities were laid off
WC is part of Middle Market.
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
work slowdown! go to the bathroom, get coffee, have computer issues. Do Nothing!!!
Come on...let's go!
What is meant by Middle Market Division?
It's happening all over the country today and tommorrow in Workers Compensation.
I got my package...clicking my heels all the way out the door.
200 in middle market division