aig car insurance

American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. It has its Europe based HQ in Croydon in London, England. AIG is the fourth-largest company in the world according to the 2006 Forbes Global 2000 list. The company became a component of the Dow Jones Industrial Average on April 8, 2004.

History

AIG was founded in 1919 by Edwin Cornelius Vander Starr in Shanghai, China. Auto Insurance. Starr was the first Westerner in Shanghai to sell insurance to the Chinese. When his business was successful there, he expanded to Asia, Latin America, Europe, and the Middle East.

In 1962, Starr gave management of the company's unsuccessful U. S. holdings to Hank Greenberg, who shifted the company's U. S. Writes personal and business automobile insurance, homeowners, umbrella, motorcycle and temporary disability insurance. focus from personal insurance to high-margin corporate coverage. Greenberg focused on selling the insurance through independent brokers rather than agents. Greenberg want to avoid selling insurance at prices which occasionally became too low (to cover the future payouts) given marketplace competition; a company with agents must pay their salary even while selling little to no insurance. Instead, with brokers, AIG could price insurance properly even if it suffered decreased sales of certain products for long lengths of time with very little extra expense. In 1968, Starr named Greenberg his successor. The company went public in 1969. AIG insurance products and services in United States offering auto. Greenberg resigned as the company's CEO in February 2005 amid concern from the board about regulatory inquiries.

On 6 April 2006, AIG president and chief executive Martin J. Sullivan, announced American International Group (AIG) as the new shirt sponsors of English football (soccer) team Manchester United, in a British record shirt sponsorship deal of £56. 5 million (£14. 1 million a year) over four years.