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As of 2023, AIG employed 25,200 people. The company operates through three core businesses: general insurance, life retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations.
What is 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.
Is American General Life insurance the same as AIG?
AIG Direct is a wholly owned subsidiary of American General Life Insurance Company and an affiliate of The United States Life Insurance Company in the City of New York, both member companies of American International Group, Inc.
Is AIG trusted?
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, ing to our comprehensive review standards.
Is AIG a real insurance company?
We are American International Group, Inc, (AIG), a leading global insurance organization providing a wide range of property casualty insurance and other financial services.
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People also ask
Is AIG a legit insurance company?
AIGs car insurance got a . 66 rating in the 2022 NAIC complaint index, which means that AIG has far fewer complaints than other car insurance companies. A 1.0 rating is the industry average, and higher ratios indicate more complaints, while lower ratios indicate fewer.
Does AIG operate in Canada?
Diverse Business Insurance Solutions: AIG is among Canadas leading business insurance providers and has the portfolio to reflect its position. This means funding coverage for you is easier, regardless of your type of commercial activity.
Related links
What Went Wrong at AIG? - Kellogg Insight
Aug 3, 2015 The collapse and near-failure of insurance giant American International Group (AIG) was a major moment in the recent financial crisis. AIG
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