Layoffs at AIG’s 21st Century Insurance subsidiary were not big enough to require the company to warn Delaware officials.
The WARN Act requires employers to give notice of mass layoffs to the state and employees.
The AIG unit employs about 750 in Delaware. The layoffs were announced earlier this week, and the company did not say how many would be in Delaware, saying only the 7 percent reduction in staffing would be spread across the 21st Century’s 38 offices nationwide.
The division, which specializes in auto and home insurance, is jointly based in Wilmington and Woodland Hills, Calif.
___
Information from: The (Wilmington, Del.) News Journal
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Fire Destroys Mansion on a Former Louisiana Sugar Plantation 
Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB 
Capital One to Pay $425 Million to Settle Claims Over Savings Accounts 
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best 
