(Bloomberg) — American International Group Inc., the largest commercial insurer in the U.S. and Canada, increased limits on property policies by 67% in a bid to build ties with multinational clients.
The limit was lifted to $2.5 billion per occurrence from $1.5 billion, where the figure stood since 2012, the New York- based insurer said Tuesday in a statement distributed by Business Wire.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
