AIG Insurance Company - American International Group
While Congress was ratifying the 18th amendment, prohibiting the sale of alcohol in the U.S., American International Group, Inc. was founded in China to be the first western insurance seller to the Chinese after enormous growth around the world, AIG’s US holdings were sold in 1967 and the focus of AIG changed to include more corporate coverage. AIG’s structure also changed, utilizing insurance brokers instead of insurance agents to sell its products. With insurance brokers, AIG can price insurance properly at all times with very little expense. Shortly thereafter, American International Group, Inc. went public in 1969, and is now a major American insurance corporation based in New York City.
AIG Auto Insurance
AIG is the world’s leading insurance and financial services organization, providing extensive insurance services, including auto coverage, property-casualty, mortgage guaranty insurance, and life insurance, to both commercial and individual customers. AIG companies are the largest industrial and commercial insurance underwriters with AIG American General being a top-ranked life insurance provider. American General Finance, AIG SunAmerica, and AIG VALIC make up AIG’s successful financial division. AIG also owns roughly 62% of 21st Century Insurance Group, 19.8% of PICC (People’s Insurance Company of China), as well as the private golf course, Stowe Mountain Resort.
AIG offers auto, motorcycle, recreation vehicle, and commercial vehicle insurance products. AIG’s growing domestic personal insurance product lines include an emphasis on auto coverage through AIG Direct. AIG Auto Insurance also includes AIG Agency Auto and the 21st Century Insurance Group, which provide auto policies through a network of 20,000+ independent agencies and brokerages in 38 states. The AIG Hawaii Family of Companies offers auto, homeowners, life and long-term care insurance products to individual and business customers in the state of Hawaii. Auto coverage may also be obtained as part of an AIG Private Client Group total insurance portfolio, but not for those seeking auto coverage only.