AIG Car Insurance Claims

AIG is an American insurance corporation and an international insurance giant, with corporate headquarters in the American International Building, New York City. Its British headquarters are located in Fenchurch Street, London. Its European arm is in the La Defense area of Paris. Its Asian branch is in Hong Kong. Through this worldwide network, the company offers various insurance products in over 130 countries. AIG has its common stock listed on the NYSE and also on the Irish and Japanese stock exchanges.

Although AIG is world renowned for marketing personal life insurance and retirement coverage, it offers many other packages to its commercial and institutional customers.

In 1919 a certain Cornelius Vander Starr, a US citizen who would become a major philanthropist in later life, established an insurance agency in Shanghai – the first western person to do so. He left China under the threats posed by Mao Zedong and the People’s Liberation Army in 1949 and took his company to New York City. From there, it continued to expand internationally from its initial basic insurance services, through various subsidiary companies.

AIG was not prospering in the United States in 1962, so Vander Starr handed over the management of the company to Maurice (Hank) Greenberg, who remodelled the company from an operation dealing mainly in personal insurance to one offering high margin business coverage. Greenberg changed the company’s sales model to that of independent brokers instead of using their own salesmen. This cut down on salary expenses. In this way, the pricing of insurance coverage could be calculated on its potential returns, with only minor decreases in sales for specific insurance offerings.

Greenberg was named Vander Starr’s successor in 1968. He took AIG public in 1969. The insurance company continued to grow. The company grew by acquisition of other companies. It was listed on the Dow Jones Industrial Average from 2004 to 2008; and, in 2008, Forbes Global 2000 named AIG the world’s 18th largest public company and the world’s largest insurance company.

This was before the company suffered a collapse related to its involvement in insuring real estate investments. When the real estate market began collapsing, the company faced imminent bankruptcy. AIG is presently controlled by the US Government in an attempt to rescue it from its $182.5 billion deficit as a result of over-exposure to certain high risk securities which were connected to the collapse of certain mortgage markets.

About AIG’s Automobile Insurance Subsidiary – AIG Direct

AIG is the largest underwriter of personal, commercial and industrial insurance in the United States. Through its network of subsidiaries, the company offers car insurance – through a subsidiary known as AIG Direct. These auto insurance policies include insurance for all types of private vehicles, including motorcycles, scooters and recreational vehicles; as well as commercial vehicles.

AIG claims to offer the highest quality range of motor insurance coverage through AIG Direct. An AIG Direct car insurance policy offers a wide portfolio of options with many bonuses and services. At the top of their list is a free courtesy car for a period of time while yours is either being replaced or repaired.

The auto insurance company states that personal injury coverage (up to a set limit) is offered at no additional charge. Smaller, but no less important, benefits are, for example, the replacement of a child’s car seat and sound and navigation equipment.

The choice of payment options makes an AIG policy an attractive option. All these benefits are, of course, dependant on the actual type of policy purchased.

AIG Direct auto insurance policies may be accessed online via brokers who work with underwriters, allowing comparative shopping in a matter of minutes. Most online brokers connected with AIG Direct advertise a 48-hour money back guarantee should you not be completely satisfied.

AIG Direct’s online customer service has comprehensive confidentiality and security features built into the system. The site is easy to navigate and the product information is clearly set out.