AIG’s recent financial disclosures make it clear that the nation’s property and casualty insurers need tort reform now or they wIll be headed to receivership.
I mean, AIG’s profit was only $3,990,000,000. For the 2nd quarter. As in 90 days. As in a profit of about $44,333,000 per day. As in about $1,850,000 per hour every hour of ewvery day. Which is a little over $30,000 per minute. Which comes to about $513 per second, of every hour, of every day, for 90 days. In a row.
Which is up about 50% from last year.