AIG Contract Cancelled!

Jan 5, 2009

  1. magagent
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    magagent Guru

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    I recieved a notice in the mail over the weekend that stated something to the tune of... In the agent/agency agreement we reserve the right to cancel your Broker contract at any given any time. That is exactly what happened no reason or explanation.

    I have called their mid-west brokerage division as I was instructed to do, and I keep getting the run around and no one can explain why my contract was cancelled.
     
  2. Charpress
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    Charpress Guru

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    The only time I get these letters is for non-production in the prior 12 month period.

    Insurance companies don't want to put up the $10 fee to renew appointments if they aren't getting production.
     
  3. magagent
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    magagent Guru

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    That was my thinking.
     
  4. Charpress
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    Charpress Guru

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    It is insulting to get those things. Most of them are abrupt and have a "We're canning you because you did something wrong" attitude.

    I had one that told me exactly why they were doing it and were more or less polite. The rest sucked. They seem to believe there is some disclosure or privacy issue that prevents them from saying something like "We're very sorry, but we are in the unfortunate position of having to disrupt your business because we're too cheap to put up the $10 to renew you."
     
  5. Freddie
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    Freddie Guru

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    Seems like this dude already paid the $10 in the taxes he will pay to bail out AIG. I would not miss AIG. I know someone who works for them and their name is semi-mud to a lot of consumers.
     
    Freddie, Jan 5, 2009
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  6. Mark
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    Mark Guru

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    It's time to reappoint agents in most states. If you have not wrote anything in the last year, they are trying to save some money.

    Ask them if you pay your appointment fee can you get recontract or can you write some new business and get back with the company.
     
    Mark, Jan 5, 2009
    #6
  7. tryan326
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    tryan326 Super Genius

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    You would think that most company would just tell you to pay the appointment fee or they cancel your contract esp. with all the independents nowadays. Sometimes you forget you even have a carrier until suddenly you have a need to use them.
     
  8. bluemarlin08
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    bluemarlin08 Guru

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    I can't imagine ANY circumstance that I would currently put a client with AIG, especially after the disclosures made public the last few days.
     
  9. Crabcake Johnny
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    Crabcake Johnny Guru

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    Maybe the letter needs to be TO AIG:

    AIG,

    You are hereby notified that your contract has been canceled effective immediately. Please immediately remove my contact information from your database.
     
  10. magagent
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    magagent Guru

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    I would not even consider selling AIG to a potential client. I wasn't mad that AIG cancelled my contract since I haven't sold an AIG policy since this fall, I had a good idea they might not renew my contract which is fine with me.

    I was furious due to the fact that no one at AIG had enough guts to tell me why they had cancelled my contract.
     
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