AIG News

J.D. Power Agents’ Survey Reveals Top-Ranked P/C Carriers (Story in Charts)

Neglected no more. Independent agents are feeling the love from property/casualty insurance carriers—and the scores they are giving carriers are moving higher, J.D. Power reports. According to results of the J.D. Power 2021 U.S. Independent Agent Performance and Satisfaction Study, …

People Moves: AIG CEO Zaffino Adds Chairman Role; C&F Names Sussman President of Credit; CRC’s Dadi Joins AXIS

AIG Zaffino Named Chairman as Duperreault to Retire American International Group announced that Peter Zaffino, president and chief executive officer, will assume the additional role of chairman of the board of directors, effective January 1, 2022. As previously announced, Brian …

People Moves: Hartford Names Burns to Lead Marketing/Comms; Beazley Promotes Beerli for Specialty Risks, U.S. Programs; Purtill Is CRO at AIG

Hartford Names Burns as Head of Marketing and Comms, Succeeding Bromage The Hartford has appointed Claire Burns chief marketing and communications officer, effective Sept. 1. Burns will report directly to Chairman and CEO Christopher Swift. She succeeds Kathleen Bromage, who …

AIG Plans Sale of Life Business to Blackstone and in IPO

American International Group Inc. plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc. agreed to buy a sizeable stake, according to a person familiar with the matter. AIG and Blackstone said …

AIG Releases Its First Environmental, Social and Governance Report

The International Renewable Energy Agency says a surge in private lending for renewable energy projects this decade is a must in order to meeting global targets to limit the rise of temperatures worldwide. That’s according to a Bloomberg Green report …

Is a Climate Change-Driven ‘Megadrought’ Looming over Parts of U.S.?

The Western U.S. could be in for a wild ride thanks to climate change. That’s the brunt of the buzz in the news this week, as multiple media outlets gave heavy coverage to the severe drought and heatwave currently creeping …

Aon Collaborates with Insurer Partners to Protect Global COVID-19 Vaccine Shipments

Insurance broker Aon plc has introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments. The solution provides transparent cargo insurance coverage for COVID-19 vaccines by combining sensor data and analytics. …

Climate Change Activists ‘Welcome’ AIG CEO Zaffino; EU Urges More Insurance

Climate change is weakening the ocean currents that shape weather on both sides of the Atlantic. The Atlantic Meridional Overturning Circulation during the 20th century has weakened more than at any other time over the last 1,000 years, new research …

Insurers Overwhelmed by Demand for D&O Coverage for Blank Check Companies

The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to …

Former NFL Player Suing AIG Over California Burglary

Former NFL player Antonio Gates and his wife, Sasha Gates, are suing their homeowners insurer, AIG Property Casualty Co., accusing them of delaying coverage and ignoring their claim for insurance policy benefits after a burglary at their California home in …