FAQs
American International Group Inc. ( AIG) is a large multinational insurance company offering life insurance, property-casualty insurance, retirement products, and other financial services in more than 80 countries.
Does AIG insurance still exist? ›
AIG is a leading global insurance organization with member companies around the world that provide a wide range of insurance and other financial services.
Where is AIG headquarters in the US? ›
1271 Avenue of the Americas, New York
AIG has a solid financial strength rating of A from A.M. Best, a credit rating agency that gives insurance companies financial strength ratings. AIG scores well for policy types, riders and brand trust, according to our comprehensive review standards.
What was the AIG scandal? ›
The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) insurance corporation was going to pay approximately $218 million (~$301 million in 2023) in bonus payments to employees of its financial services division.
What type of insurance does AIG provide? ›
As a leader in commercial and personal insurance solutions, we are one of the world's most far-reaching property casualty networks, offering a broad range of products, including Liability, Financial Lines, Property, Global Specialty, Personal Lines and Accident and Health.
What is AIG now called? ›
AIG Life & Retirement is now Corebridge Financial.
Who is the CEO of AIG USA? ›
Peter Zaffino is Chairman & Chief Executive Officer of American International Group, Inc. (AIG). He also serves as Chairman of the Board of Directors for Corebridge Financial, Inc. (NYSE: CRBG).
What company bought AIG? ›
1 in CLOs With AIG's $3.6 Billion Deal. Blackstone Inc. has agreed to acquire insurance firm American International Group Inc.'s $3.6 billion collateralized-loan obligation assets, according to people with knowledge of the matter.
Why was AIG in so much financial trouble? ›
Companies that lend securities usually take that cash collateral and invest it in something short term and relatively safe. But AIG invested heavily in high-yield—and high-risk—assets. This included assets backed by subprime residential mortgage loans.
The largest P&C insurers in the United States
| Ranking | P/C insurance company name | % change from previous year |
|---|
| 13 | American Intl Group (AIG) | 2 |
| 14 | Fairfax Financial (USA) Group | 12.5 |
| 15 | Auto-Owners Ins Group | 10.9 |
| 16 | Tokio Marine US PC Group | 15.9 |
96 more rowsOn average, you can expect payment to be issued within 7 to 10 business days. Keep in mind, though, that estimate is a best case scenario. There are many cases in which the claims department may have additional questions or need more information from you or others in order to process your payment.
What is the purpose of AIG? ›
About AIG. We are American International Group, Inc, (AIG), a leading global insurance organization providing a wide range of property casualty insurance and other financial services.
Is US life insurance the same as AIG? ›
United States Life Insurance Company of New York is part of Corebridge Financial (formerly AIG Life & Retirement), a multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.
How does AIG work? ›
AIG is an insurance company. An insurer makes calculations in advance, determines how many policies it'll end up having to pay out on, then charges high enough premia to turn a profit. The behind-the-scenes work may be complicated, but the finished product is easily understood.
