Thread regarding AIG (American Intl Group Inc.) layoffs

PCG

During the civil rights protests in 2020 the CEO of PCG made a self-deprecating proclamation. "I am a privileged white woman". No kidding. She seemed to think it was a moving speech that made her understand. It was quite embarrassing. I threw up in my mouth when I heard it.

She then hired a black guy to work for her and she goes out of her way to shower him with praise on every conference call. He runs a failed initiative called Duck Creek, but that's not his fault. She took the lone black underwriting manager and put him on the cover of Contact and paid for a company to market an article about him.

She initiated a diversity panel that consisted of all white people and one black guy to tell everyone how concerned they are about equality.

Almost two years later. Nothing has changed in PCG. No one even talks about equality anymore. It is full speed ahead with the hiring and promoting of friends and comrades.

Everything here is for show. No one really cares about diversity or equality.

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Post ID: @OP+1eYNbaF5

10 replies (most recent on top)

Exactly right, there is no synergy at all from the top down. A decision is made and broadcast to brokers and the way employees find out is when they get the angry call. It is a great way to pi-s off not only your brokers, but the employees who are supposed to defend the asinine decisions that are being made.

You know what else is great? When a well respected employee that has been working at PCG for years leaves and no one knows because management doesn't talk about folks that leave. Again, employees find out their co-workers have left because a broker calls and informs them. It really instills a sense of comfort.

PCG is rotten to the core. It is a good thing upper management is paying off their top brokers to convince their client that PCG is a decent company, or this place would have closed its doors by now. You have to wonder about the integrity of a broker that pushes PCG just to earn extra commission when they know PCG is a substandard company.

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Post ID: @clez+1eYNbaF5

Another mortatorium in PCG with communication to employees just a few minutes before releasing to agents and vague talking points. SMH. Wonder what this Monday has in store.

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Post ID: @bglf+1eYNbaF5

If the CEO sends out Rosa Parks quotes that means she cares right? I think that is what we are supposed to believe?

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Post ID: @9mjz+1eYNbaF5

PCG hasn't been healthy for a very long time. Unfortunately, the current leader of PCG has insulated herself with friends and if you are not part of that group you are ostracized.

This has led to a level of disfunction that PCG has never experienced. You can't turn around an entire ship if you forget about the sailors.

PCG would be better off going the way of L&R.

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Post ID: @6dgp+1eYNbaF5

Look at the population of people let go from that team over the past few years. Tells you everything you need to know about the commitment to D&I.

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Post ID: @6ybe+1eYNbaF5

Let me just table set this for you, lol:

You have a wealthy white woman who was given her role because she is lifelong friends with PZ. She dresses like a 1980's soap opera queen and speaks in a condescending voice like Mr. Howe from Gilligan's Island. Like AIG as a whole, she has been leading PCG for several years and the company fails to return a profit almost every quarter. It's always because of those darn CAT losses. That's astounding that you just figured that out! You write insurance for rich people that live on the ocean and in wildfire regions. So the plan is to non-renew the heart and soul of your business on the admitted side, then turn around and offer coverage at 3x's the premium on the non-admitted side to the same customers and you think brokers and clients are just going to say okay I'll stay with AIG? PCG is essentially kicking the brokers and customers when they are down because they are banking that folks in California and other coastal states won't have another option so they will have to pay whatever PCG wants to charge. People remember strong arm tactics. I think PCG is learning that there are other options and clients will pay more premium, just not to PCG because they now despise the company.

Even if you continue to bribe your top brokers with extra commission, it doesn't do any good if the client hates PCG. PCG needs to be sold to a company that can properly manage their unique clientele. This group is in way over their heads.

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Post ID: @1iqo+1eYNbaF5

Any talk or show of diversity by any company exec is virtue signaling. They don't really care. They just want to look good. They are all hypocrites and sc-m.

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Post ID: @1unk+1eYNbaF5

You are absolutely correct. The ship is sinking. They are non-renewing business in entire states not just individual policies, but entire states. They expect brokers to still support their company. Good luck with that approach.

Just sell to Berkshire Hathaway already and get it over with.

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Post ID: @1chj+1eYNbaF5

I hope that I'm wrong but PCG employees may have more significant concerns with the direction of the organization in the future.

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Post ID: @1bmh+1eYNbaF5

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