An Unfortunate Cancellation

by Bill Coffin on April 22, 2009 · 3 comments

With so much ink having been spilled over AIG in recent weeks, it seemed a particularly forward-thinking move for AIU to host a session today entitled “Evaluating Carrier Security Through Financial Crisis.” After all, the insurance wing of AIG is not the part of the company that caused all of the trouble with credit default swaps. It’s still a world leader in insurance, and it is a firm with an enormous amount of strength behind it. It’s almost unfair that such a well-run operation should suffer any stigma attached to its parent, and for things it had nothing to do with, but unfair things happen all the time. Especially in the world of insurance.

Unfortunately, when I went to the session, I found that it had been cancelled. Exactly why it was canceled is something I don’t know and honestly, I don’t much care to. After all, AIU has a long-standing relationship with RIMS and with this Conference, and there could be any number of reasons why the session did not come together. That’s not the point.

This session would have been a great opportunity for AIU to talk frankly to those who want to know if their insurance partners are really going to be there for them when they are needed. I suspect the event would have attracted a fair bit of trade media attraction, which is always reason for any firm to get a little nervous. But that aside, AIU has a lot of information and insight to share. It’s too bad they could do that with us today. Another time, perhaps.

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Bill Coffin is the former publisher of Risk Management magazine. He has since moved on to become editor in chief of National Underwriter Life & Health and also authored the Dark Britannia Saga book series, which includes the first two volumes Pax Morgana and Pax Arcadia

{ 3 comments… read them below or add one }

Marcus April 22, 2009 at 5:52 pm

This is not a fair posting. RIMS had updated their website last week to delete this session from promotion. Plus, everyone who had signed up for that session (including me, an AIU policyholder) had also been informed well in advance via email notificatoin that it was cancelled due to schedule conflicts of the principals. Furthermore, this session had been removed from signage/promotion. I do not understand why this post implies a last-minute cancellation.

Bill Coffin April 27, 2009 at 9:57 am

All good points. But in the grand scheme of things, AIU did have a huge opportunity here to address their audience and the wider insurance community, and while I am sure the scheduling conflicts that forced the cancellation could not be avoided, the reality is there was left on the table a big chance for public outreach.

AIG’s defenders have pointed out on more than one occasion that the insurance wing of the copmpany a) did not controbute to the larger corporate downfall, b) that the insurance wing is in fact a profitable business and c) that the insurance wing remains the biggest insurance company in the world; a true industry leader. All of those points are true and worth making amid the hype regarding AIG bonus payments. That said, who better to explain the situation about insurance carrier solvency than AIU? What other firm can possibly touch AIU’s credibility on this topic? None can. And that is why it was so disappointing to see the session canceled.

That is really the point here. Personally, I missed the notifications about the canceled session and did not know it was canceled until I got to the session itself and saw a sign there to that effect. I don’t think, nor did I intend to imply that anything dodgy was afoot with the canceled session. Sessions get canceled all the time for lots of different reasons, and I was sure the reasons for this particular cancellation were perfectly valid.

Just the same, to have AIU lead a discussion on carrier solvency, given recent events and given the current economic climate, would have been a coup for AIU and for anybody attending. I hate missed opportunities, and this was one.

kiki November 11, 2010 at 12:57 am

In November 13,2007 I was attending AIU on campus Weston Florida. I got injured inside of an one out of four elevators they had. As a heart person was born with “WPW” they new my health condition, after the accident took place I was temporary blind for 48 hours. AIU never called 911. Rather they put me in this room for 45 minute and made me signed a bunch of papers that I didnt know what I was signing, since I was temp blind. Anyway after every paper was sign they told someone to drive me to the clinic that was 5 minute away, yes this is how AIU treated student who have a heart history, when I arrived at the clinic they called 911 and I was rushed to the hospital and was diagnosis with a lot of stuffs. I suffered Major headache and back pain becaused when I felt inside the elevator that was shacking very fasted with me there was no handle/ nothing to hold on too. I passed out. I suffered serious damage and AIU refused to take responsibilities for the accident and the way they handle it, to this day I am fighting AIU to pay my doctors and hospital bill that is 1.2 millions. I want to know where’s the justice. AIU is one of the worst school ever I honestly regreated attented there. Now Adding to my “WPW” heart conditions I have other conditions that I did not asked for.. American Intercontinental University Inc.
Place page
2250 North Commerce Parkway
Weston, FL 33326
(954) 446-6100
http://www.aiuniv.edu/South-Florida

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