AIG, which has been the subject of much public rage surrounding executive bonuses, is inciting ire from competitors, as well. The Wall Street Journal reports the insurance giant’s competitors claim the federal bailout AIG received last year gives the company an edge in commercial insurance.
“In the six months since the government stepped in, AIG at times has slashed insurance prices — by more than 30% in some cases — to fend off rivals and to keep or win contracts, according to public documents, insurance buyers, executives and others in the industry.”