I had been insured with AIG for several years and last year even recieved a discount. However, with renewal scheduled for mid-November this year, I recieved a statement which shows a nearly 50% rate increase.
The only changes since last renewal is that my wife had a speeding ticket 01/07 and our son turned 15 (he is not licensed and will not be listed on the policy).
Looks like they want me to contribute to their $85B bailout.
Attempts to contact AIG and my agent have so far been unsuccessful. I have left messages and sent an email with no response.
I've changed carriers to be effective my renewal date - and was quoted a price 25% lower than my old rate (which I thought was reasonable)
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