AIG Insurance

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Aug 20, 2020

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Company Details
Address: 175 Water St.
City: New York
State: NY
ZIP Code: 10038
Phone Number: 212-770-7000
AM Best Rating: A
URL where was collected the AM Best Rating: http://www.aig.com/financials_3789_536377.html
Lines of Insurance: health, care, life, disability, home
States Licensed To Sell Insurance In: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Type of Insurance Company: Stock
Parent Company: American Insurance Group, Inc.
Top executive Contact: Peter D. Hancock
Title of Top executive: President/CEO
Ticker Symbol: AIG
Assets & Premiums: 2013 Results: Total Assets: $541.3 billion Total Liabilities: $443.251 billion Total Stockholder Equity: $100.5 billion
Insurance subsidiaries:
  1. Chartis
  2. AIG Mortgage Insurance
  3. TATA AIG
  4. SunAmerica Focused Alpha Growth Fund Inc
  5. American General Finance
  6. And several others
Company Rating 2.05 (98 reviews)

Company Overview:


Company History: In 1919 American Asiatic Underwriters was founded by Cornelius Vander Starr in Shanghai, China. In 1939 the company’s headquarters relocated to New York City with operations spreading internationally in the 1940’s. From 1960 to 1969 AIG was formed as a unifying umbrella organization. Now AIG’s General Insurance operations include the largest U.S. underwriters of commercial and industrial insurance, the most extensive international property-casualty network, a personal lines business with an emphasis on auto insurance and high-net-worth clients and mortgage guaranty insurance operations. AIG is a publicly traded insurance group, with a holding company structure, headquartered in New York City and operating in the United States and internationally. AIG does business in more than 130 countries and jurisdictions through more than 100 U.S. and foreign subsidiaries.
Principle Sales Methods: AIG sells insurance via www.aigdirect.com.

Life Annuity Business: AIG offers Term Life Insurance, Quality of Life Insurance, Index Universal Life Insurance, Variable Universal Life Insurance, Universal Life Insurance, and AIG Whole Life Insurance.
Auto Business: AIG offers a Travel Guard’s Rental Collision Insurance plan for $9 a day
Homeowners Business: AIG coverage includes: rebuilding costs, contents replacement, additional living expenses, back-up of sewers and drains, landscaping coverage, cash settlement options, and damage caused by domestic pets. They also offer a private client Wildfire Protection Unit for those who live in areas prone to wildfires.
Health Business: AIG offers college student health insurance. The company also offers Direct Accidental Death and Direct Accident Expense insurance, along with disability insurance.
Special Business: AIG provides numerous lines of insurance including multiple types of travel insurance.

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