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E&O bummer

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OllieGarchy

Thread Starter
Junior Member
Joined
Nov 22, 2003
Professional Status
Certified Residential Appraiser
State
California
Just got my E&O renewal letter. I use NDC data, so I get a deal with FREA (Foundation of R/E Appraisers). FREA uses Nation Union Fire Insurance Company, which is owned by AIG.

AIG, according to the rumors on Wall Street, is about to go belly-up.

Is it time to look for another E&O source?
 

bart nathan

Member
Joined
Jun 9, 2005
Professional Status
Certified Residential Appraiser
State
California
Rumor is Feds are going to bail out AIG for 85 Billion as of 5:17 Tue
 

Couch Potato

Elite Member
Joined
Mar 15, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
The individual companies owned by AIG are doing just fine. Only the parent company is in trouble. The only problem is AIG is trying to get permission to raid the subsidiaries for cash.
 
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