The Little League Coach

Little League to Stick With AIG

I don’t know whether this is good or bad, but it appears they have done extensive research on the matter so I am good with it. This is why we pay our charter fees, so they can figure out important stuff like this.

Excerpt from Little League Letter:

As you may have heard in recent media reports, American International Group (AIG), the company through which Little League International offers liability and accident insurance to local Little Leagues, has experienced significant losses associated with the current worldwide financial condition. Those losses led federal officials recently to authorize taxpayer-backed loans that must be repaid by AIG with a defined period.

Little League International wants to assure local leagues that it has thoroughly reviewed its insurance plans, including those offered to local leagues through AIG. Little League agrees with the position of state insurance officials that the financial issues facing AIG do not affect its strong position in the well-regulated insurance segment.

AIG recently announced its intent to sell a number of attractive businesses to generate sufficient liquidity to help repay the loan balance. At this time, the plan does not include selling AIG’s domestic and international commercial property casualty businesses, which include Lexington Insurance Company and National Union Fire Insurance Company, the specific AIG companies with which Little League contracts for liability and accident insurance, respectively. Even if these companies were sold to a new carrier, the policies would remain in place.

Local Little League policies will continue to be underwritten by AIG for 2009. They will be handled through the Little League International Risk Management Department in Williamsport, as has been the case for decades.

Do you think they should have changed insurers?

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General
AIG, American International Group, Business, Emergency Economic Stabilization Act, Financial Services, Insurance, little league, United States, United States Economy
11 November 2008 comment TrackBack-URI

My Bills.com IQ is a B

I took this awesome Credit card debt help quiz that really helped me out. My billsiq is a B. That’s pretty amazing since my normal financial situation is a D- at best! I heard Dave Ramsey of Fox Business News’ The Dave Ramsey show say one time that he never really had much of a problem making money, it was keeping it that has always been his problem. I can relate!

I am pretty good at figuring out how to make money. It’s fairly simple, just work harder. Managing it and keeping it around? Different story! So I heard about the bills.com IQ test. Pretty cool and fun. I took it, and I got a B! I guess I know what I should do, I just don’t do it. I need some discipline! Ironic, considering this is what I teach on a daily basis.

It is a five part quiz. The first part is credit, then debt, budget, wealth, and life plan. Fairly easy questions for the most part, but ones that cause you to take a serious look at your finances. Good progression as well, from credit to debt and eliminating both, then budgeting creates wealth which leads to a life plan. Very good plan.

Once you complete the test, it gives you advise for every question and offers solutions to overcome any challenges you are having.

Take the quiz at this link:

Credit card debt help

My Financial Haiku:
I work the day long
Just to find my savings gone
Bye money bye bye

General
Credit card, Credit card debt, Dave Ramsey, Financial Services, Fox Business Network, Home, Money Management, Personal Finance
14 September 2008 comment TrackBack-URI