Sunday, March 29, 2009

AIG Using OUR MONEY To Advertise During NCAA Tournament!

OH I AM SO PISSED....just before the halftime break in the Louisville/Michigan game, there was a commercial on for 21st Century Auto Insurance...SO WHAT YOU ASK? Go do a quick bit of homework and you will find 21st Century is the new name of AIG's Auto Insurance Division! In short, our tax dollars not only go for AIG Bonuses, but for AD TIME during the NCAA March Madness basketball tournament...which means you can also bet that our money ALSO SENT AIG EXECUTIVES TO THE TOURNAMENT!
21st Century auto insurance get a quote, buy auto insurance, manage your policy, report a claim, make a payment online.AIG

$180 Billion of our tax dollars spent on bailing out these scum, and they are spending it on advertising during the NCAA basketball tournament...ranks right up there with the $450 Million of our tax dollars they have spent handing out Bonuses! Two commercials and counting!


OUTRAGE TIME FOLKS!!!! LET IT FREAKING RIP!
aigdirect.com is now 21st Century Insurance
21st.com - get a free auto insurance quote, purchase and manage an auto policy online, save hundreds of dollars on your car insurance needs.

Is 21st Century insurance the same as AIG?

Yes, the U.S. now owns close to 80% of 21st Century Car Insurance.
In 1998, AIG acquired a majority interest in 20th Century Industries (now 21st Century Insurance).

In 2006, 21st Century Insurance Group provided direct-to-consumer personal auto insurance in the United States. It sold personal automobile insurance polices primarily in Arizona, California, Colorado, Florida, Georgia, Illinois,

Indiana,Minnesota, Missouri, Nevada, New Jersey, Ohio, Oregon, Pennsylvania, Texas, Washington, and Wisconsin. The company was founded in 1958 and was headquartered in Woodland Hills, California.

In January 2007, 21st Century Insurance said they received an unsolicited $690 million offer from American International Group Inc. (AIG) for all of the shares that the auto insurer currently does not own. AIG offered $19.75 cents a share for the remaining 38.1 percent of the stock of the Woodland Hills-based company it does not already own and it made it a subsidiary of AIG (American International Group).
AIG is an international insurance and financial services organization. The U.S. government now owns close to 80% of AIG and 21st Century car insurance. Most taxpayers don't feel that they have any claim to the company.

Recently, they changed to market the name aigdirect, but are now marketing under 21st century car insurance. You can read their company listing here to understand more about the companies 21st Century Auto Insurance uses.

8 comments:

toronto realtor said...

"...our tax dollars not only go for AIG Bonuses, but for AD TIME during the NCAA March Madness basketball tournament..."

AIG is practically owned by the government these days and the government only represent the people. In insurance business the only way to make money is to advertise. Don't you want the company to prosper once again? You are partly the owner too...

Take care,
Elli

Mike said...

If you have been following any of the updates specifically on AIG Auto/21st Century, you'd see that this division of the company, AIG proper, is actually quite profitable and hasn't directly benefited from the taxpayer bailout. As with most financial institutions who have an underlying property and casualty insurance business (which I hope Congress legislates against in the future), AIG Auto/21st continues to run its business with its own assets and cash flow. Let's not throw the baby out with the bath water, ok?

Royce Penstinger said...

No Mike, you are WRONG...we NEED TO THROW THE BABY OUT, need to dismantle the company, or watch it go belly up.....

WE can save AIG and its parts, but Obama is beating his chest and playing hard ball with GM...fuck the president, and I encourage EVERY AMERICAN TO IMMEDIATELY CANCEL THEIR 21st Century Policies.

Royce Penstinger said...

Toronto...I am not the owner, we as take payers will get NOTHING. What I have gotten so far...Local property taxes up $800 to make up for taxes not being collected on Foreclosed homes.

You think Geithner is going to send me say 400 shares of AIG since I have now paid for them? NOT....its a RAT HOLE, and every American SHOULD CANCEL their policies with ANY AIG company, or susidiar holding such as example, 21st Century, and their Marine Devision....we need to show our government that we would rather take our own medicine than be forced to take AIG's

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