The problem AIG has, according to my broker, is that lately they've been paying out about three times what they take in from premiums on IV-P's. They could go the route AVEMCO did when they experienced similar losses and just refuse to cover them completely.  What they did instead was come up with a poorly planned inspection solution when everyone knows the problem is primarily pilot error which is best addressed through initial and recurrent training, at least until an adequate amount of time in model is accumulated and some defined level of currency is maintained

I don't blame AIG for taking radical steps to stem their losses, but it sure would be nice if they didn't take a Ready, Fire, Aim approach to it.

Skip Slater
N540ES