AIG Specialty Excess(R) Increases Capacity for Public Entities to $25 Million.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Specialty Excess([R]), an umbrella and excess casualty underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. unit of the AIG Companies([R]), today announced it has increased its capacity of excess liability insurance for public entities to $25 million from $15 million. In response to the varied insurance needs and significant casualty exposures facing public entities, AIG Specialty Excess will offer the increased capacity of $25 million on all commercial umbrella and excess casualty policies for public entities. The new capacity will be available for not only states, counties and cities, but also educational institutions, transit authorities, utilities and other public agencies. "As public entities continue to face increased financial pressures, we've found they require more comprehensive insurance programs," said Todd Germano, Executive Vice President of AIG Specialty Excess. "The increased capacity to $25 million is a logical extension of AIG Specialty Excess' commitment to the public sector, offering public entities all the excess limits they need from one carrier." AIG Specialty Excess responds to the unique insurance needs of public entities with the ability to write policies "follow-form" of other carriers, and, last year, AIG Specialty Excess announced the addition of PublicResponse(SM), a dedicated crisis management enhancement to all public entity policies. The $25 million capacity will be available on a broad occurrence-based form. AIG Specialty Excess, a division of the general insurance subsidiaries of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc., provides commercial umbrella and excess casualty insurance for difficult-to-place classes of business including construction, educational institutions, public entities and transportation. AIG Specialty Excess offers low attachments points, limits up to $25 million and exceptional claims handling, supported by an excess claims unit of over 500 severity claims professionals, including a dedicated claims team. American International Group, Inc. (AIG), world leaders For a list of heads of state, see . World leaders is a MMORPG. The game involves creating a state, joining an alliance and going into war. It is mostly played by players from Israel, China, USA, Britain, Brazil and Saudi-Arabia. in insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. . In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. as well as the stock exchanges in London, Paris, Switzerland and Tokyo. |
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