I had NO idea. Plus, this "DeSantis" name sounds familiar, like the one who royally screwed up that sector of AIG, the one that got the bonuses... sheeeeeet
21st Century Insurance
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Anthony J DeSantis
President and CEO
March 27, 2009
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Dear 21st Century Insurance Policyholders:
On behalf of all the employees of 21st Century Insurance and Financial
Services (21st Century Insurance), I first want to thank you for your
continued loyalty and support during these challenging times.
I would like to take a moment to address some items that have
undoubtedly created a level of uneasiness and frustration for many of
our customers. Because of the tremendous support and cooperation from
the United States government and its taxpayers, our parent company, AIG,
has been able to continue its operations as a world-class provider of
insurance services. However, with this support comes a high-level of
attention to all of AIG's activities.
It is important to clarify that although the insurance companies
affiliated with the 21st Century Insurance brand are subsidiaries of
AIG, they have not accessed or needed any of the Federal Reserve
borrowings to fund their operations. Nor have they received any capital
contribution from any AIG company to support their operations. 21st
Century Insurance is an organization of 6,500 employees whose mission is
to deliver outstanding value and service for your auto insurance needs -
a mission we are striving to achieve every day.
The insurance companies affiliated with 21st Century Insurance, which
underwrite and provide coverage under your policies, are financially
strong and continue to deliver outstanding coverage, service and payment
of claims to all of our customers. The assets of the insurance companies
are protected by state laws for the benefit of policyholders.
Additionally, AIG recently announced the formation of a general
insurance holding company called AIU Holdings, Inc. This move will help
enhance and protect the value of those property and casualty companies
for all its stakeholders. The organization will include the Commercial
Insurance Group, Foreign General unit, and other property and casualty
groups. 21st Century Insurance will also be part of this new, separate
organization.
We genuinely appreciate your business. At 21st Century Insurance, we are
focused on putting you, the customer, first, and we look forward to
providing you with the great coverage and award-winning service that you
deserve.
Sincerely,
Anthony J. DeSantis