More larger brokers are confident in AIG’s future than smaller brokers and this philosophy impacts the advice that is given to their clients.
A recent survey in Oct. of 2008 by Advisen Ltd. indicates the following advice that was given to clients:
* 38% of brokers only provided information on the AIG crisis
* 23% of brokers recommended that their clients take no action
* 23% offered to get quotes to potentially replace AIG
* No brokers recommended that their clients replace AIG
The following attitudes describe brokers’ confidence in the financial strength of AIG:
* Very Confident: 28%
* Somewhat Confident: 47%
* Somewhat Concerned: 21%
* Very Concerned: 3%
* No Opinion: 1%
Source: Risk & Insurance, December 2008