Tuesday, April 14, 2009

AIG Workers Compensation Problem

Within the last week I've received requests from two different business owners to review and help correct workers comp problems. But the interesting thing is that AIG is the workers comp insurance company involved with both.

What's up with AIG? Oh yea, they've got a few issues going on right now! So how's their management problem effecting the workers comp insurance side? Read on.

Since we take great measures to protect out clients confidentiality no names will be mentioned here, just some facts.

1. Both clients are insured for workers compensation insurance with AIG;
2. Both clients are having premium problems;
3. Both sums in question are relatively small, a couple thousand of dollars;
4. Both clients did their best in trying to correct the problems AIG created;
3. Now for the best, even though the problems appear to be the mistake of AIG, both clients are being threatened by AIG who is going forward with civil action if they don't pay up.

Considering the size of AIG and the many thousands of policies they have in force, maybe this isn't really the beginning of a trend. Or maybe it is. Think about this.
In the past this type of premium problem from AIG's perspective would have drawn very little attention, you know, not much money involved. Could this be a new practice at AIG? One to aggressively pursue all collection issues, right or wrong? Maybe, but we'll have to wait a while to see about that.

So what can a client do when faced with such aggressive behavior from an insurance company? Simply seek professional workers compensation consulting help at the beginning of a problem. Don't wait til the insurance company is taking you to court. Get a work comp consultant involved as soon as possible. Search the web for "workers comp consultant" and find a firm to work with. The chance of a good outcome for you will be much higher!

Thanks!

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