AIG Looks at Cutting Insurance for Russia, Ukraine April 8, 2022 By Noor Zainab Hussain and Carolyn Cohn AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from...
Boy Scouts Abuse Settlement Attacked for Preventing Future Lawsuits April 7, 2022 By Steven Church The Boy Scouts of America’s sexual abuse compensation fund should be rejected, a small group of victims say, because the...
Boy Scouts Victims’ Fund Unfair to Insurers, Companies Argue in Court March 30, 2022 By Steven Church The Boy Scouts of America’s sexual abuse compensation fund may force insurers to make payments they can’t negotiate over, even...
Lexington Insurance Pulling Out of Florida, Other Markets for High-End Homes March 29, 2022 Lexington Insurance, an AIG company, is pulling out of the Florida homeowners market, leaving an estimated 8,000 affluent customers looking...
AIG’s Life and Retirement Unit Files for IPO March 29, 2022 The holding company of U.S. insurer American International Group Inc.’s life and retirement business, SAFG Retirement Services Inc., filed for...
Insurers Refuse to Pick Up Bill for Billions in Opioid Claims March 8, 2022 By Jef Feeley A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers,...
AIG: Net-Zero Greenhouse Gas Emissions in Underwriting, Investments by 2050 March 1, 2022 By Chad Hemenway American International Group said it is committing to net-zero greenhouse gas emissions within its underwriting and investment portfolios by 2050....
AIG to Move High Net Worth Homeowners to E&S February 17, 2022 By Chad Hemenway Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of...
AIG Completes Sale of Stake in Life & Retirement Unit to Blackstone November 2, 2021 American International Group and Blackstone said they have closed on the previously disclosed transaction for Blackstone to acquire a 9.9%...
J.D. Power Agents’ Survey Reveals Top-Ranked P/C Carriers (Story in Charts) October 8, 2021 Neglected no more. Independent agents are feeling the love from property/casualty insurance carriers—and the scores they are giving carriers are...