AIG Insurance Company Wiki | Reviews | Claims | Phone Number: American International Group also known as AIG is an American Multinational Finance and Insurance Corporation with the operation in over 80 countries to know more read ahead AIG Insurance Company Wiki | Reviews | Claims | Phone Number.
AIG Insurance Company Wiki | Reviews | Claims | Phone Number
AIG Insurance Company Wiki
AIG Insurance company is an American based Multinational Finance and Insurance Corporation with the operation in over 80 countries.
As of 31st December 2016, AIG Insurance Company employed over 56400 people.
The Company insures with three main Business i.e General Insurance, Life Insurance, Retirement Insurance.
The Company headquarters are in New York City and company has even offices around the world.
AIG is one of the biggest Players in the Insurance Industry and serves 87% of Fortune Global 500 and 83% of Forbes.2000.
AIG Insurance Company Financial Crisis 2008
AIG was the central player during the Financial Crisis 2008. It was bailed out by the federal government for $180 and the government took control.
The Financial Crisis Inquiry Commision (FCIC), stated that AIG failed primarily because it sold the massive amount of Insurance without Hedging its investment.
The US government then sold off its shares after the crisis and completed the process in 2012.
AIG Travel Insurance Company
In, 1982, John M.Noel founded the travel guard product while he was working in Sentry Insurance.
Soon, John purchased the rights to travel guard and travel guard was operating out of the basement of its founder home.
In 2006 travel guard was acquired by AIG with the new CEO Dean Sivley, to serve the company’s Chief Executive officer.
Then the company shifted to its new location in Stevens Point and rebranded U.S property casualty subsidiary.
AIG Insurance Company Claims
The Company claims to manage and reduce risks through the use of global claims data, fraud trend analysis, market-leading insights, and dedicated professional network.
A proactive partnership with the customer is key to resolving claims quickly, understanding potential risks, and learning ways to avoid a loss.