Tag: AIG

New mortgage insurance unit spin-off is added to AIG’s current goals

H. Cutner
AIG Insurance company CEO - Building in Manhattan

American International Group has made the decision to look into a spin-off of that branch of its business. American International Group (AIG) is now in the midst of the pursuit of a spin-off of its existing mortgage insurance business, according to several reports based on sources who are familiar with the matter. This new strategy from the insurance company could come at precisely the time that goes up against Carl Icahn. Despite the attempts that the company is seeking to make to spin-off its mortgage insurance business – which made…

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Bill Cosby’s insurance company may be required to foot his bill

Julie Campbell
bill cosby lawsuit insurance coverage

A court has now ruled that the insurer will be required to pay for the celebrity if he loses his sexual assault case. Although this year has certainly not been the best one Bill Cosby has ever lived, particularly in terms of the sexual assault allegations that have been placed against him, a recent court ruling has given him a potential financial break as his insurance company will be required to pay for him if he is found to have been guilty of these atrocities. In the sexual assault case…

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The Bill Cosby lawsuit filed by AIG is “draining” the celebrity’s resources

Julie Campbell
bill cosby lawsuit insurance coverage

The entertainer’s lawyers have stated that financial drains are decreasing his ability to successfully defend himself. The lawsuit that was filed by American International Group (AIG) against Bill Cosby has been considerably “draining” on the resources of the celebrity, who is now saying (by way of his lawyers) that this is seriously cutting into his ability to present a successful defense for himself against the allegations of sexual abuse. The reason is that Cosby is currently being required to defend himself simultaneously against several suits. Lawyers representing Bill Cosby told…

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AIG makes insurance news with new high end clothing coverage

Julie Campbell
AIG Insurance company CEO - Building in Manhattan

The insurer is releasing a new product to help to boost its business from high net worth personal lines customers. American International Group (AIG) has revealed its latest insurance news that the latest component of its strategy to increase its appeal to high net worth personal lines policyholders, it will be releasing coverage for high end designer clothing. This will provide people with an insurance policy that goes above and beyond the standard homeowners coverage. More specifically, the insurance news is about the “wearable collections coverage”, which provides additional coverage…

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Insurance industry may gain access to drones

S.Vagus
commercial drones crop insurance industry news

AIG receives approval to use drones to assess property damage The American International Group (AIG), one of the largest insurance providers in the United States, has announced that it has received approval to use drones to inspect properties throughout the country. This approval has come from the Federal Aviation Administration, which enforces strict regulations when it comes to the commercial use of drones. These drones are small aerial units that are controlled remotely. These drones are typically used for recreational purposes due to federal regulations. Commercial use of drones is…

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