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In October 2021, Chubb Limited announced that it would reduce its home insurance policy coverage in areas of California exposed to moderate to high risk of wildfires, and the AIG rejected renewals for 9,000 California home insurance policyholders on multi-million dollar homes in January 2022 (after the California Department of Insurance ...
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, AIG employed 25,200 people. [2]
AIG's AIU Insurance unit has run a P&C insurance in the country since 1946, and is now the largest foreign nonlife insurer with 14,000 agents nationwide. [3] In retail auto and L&H space, AIG owns American Home and Fuji Fire and Marine Insurance company. [4] Since Jan 2018 AIU and FFM business units merged in AIG Sonpo.
If you’re looking for a reputable source of information for insurance ratings, companies like AM Best, Standard & Poor’s, Moody’s and Demotech are industry-recognized insurance reviewers and ...
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