AIG
NYSE:AIG
American International Group, Inc.
- Stock
80.84
−0.83%
2.36
news - Aug 12, 2025 - 21:55
A Week of Gulf South Solidarity in New York City
A week of protests led by Gulf South residents, including activists Manning Rollerson and Roishetta Ozane, targeted major financial institutions in New York City, demanding they stop insuring or financing fossil fuel projects in Texas and Louisiana. The demonstrations, part of a broader movement against environmental racism and climate injustice, focused on companies like Chubb, AIG, BlackRock, MUFG, Mizuho, and Citigroup, which are linked to funding or insuring oil and gas infrastructure such as the Calcasieu Pass 2 (CP2) LNG terminal. Protesters highlighted health impacts from pollution, including asthma and cancer, and drew parallels between environmental harm in the Gulf South and the humanitarian crisis in Gaza, citing shared financiers. Despite the protests, the companies largely declined to comment, and activists reported minimal media coverage. The events occurred from July 28 to August 3, 2025, and included marches, picketing, and a symbolic act of cultural resistance involving line dancing.
insideclimatenews.orgnews - Aug 12, 2025 - 15:54
Cyber Insurance Market Set to Surge Past USD 73.5 Billion by 2033, Driven by Escalating Ransomware Threats
The global cyber insurance market was valued at USD 14.2 billion in 2024 and is projected to reach USD 73.5 billion by 2033, growing at a CAGR of 17.88% from 2025 to 2033. This growth is driven by rising ransomware attacks, increasing regulatory requirements such as GDPR and CCPA, and the adoption of AI-powered tools for risk assessment and claims processing. Key trends include a 45% rise in claims costs for insurers like Chubb, AI reducing claims processing time by up to 73%, and over 90% of insurers now using AI for underwriting. Small businesses, which account for 56% of claims, are increasingly adopting coverage, with average premiums at $145 monthly. Expanded vendor risk coverage and new crypto-specific policies are also emerging, as highlighted by incidents like the 2024 CDK Global breach and $540 million in crypto theft. Leading companies include Allianz Group, AIG, AON, AXA XL, Berkshire Hathaway, Chubb, Lockton, Munich Re, Lloyd's of London, and Zurich Insurance.
vocal.medianews - Aug 12, 2025 - 12:56
Accident Insurance Market Set to Reach USD 115.86 Billion by 2032 | SNS Insider
The global accident insurance market was valued at USD 81.48 billion in 2024 and is projected to reach USD 115.86 billion by 2032, growing at a CAGR of 4.55% from 2025 to 2032. Growth is driven by rising accident rates, increasing healthcare costs, digital insurance platforms, corporate employee welfare programs, and government mandates. Personal accident insurance leads the market, followed by workplace and travel insurance. Key trends include AI-powered claim processing, digital underwriting, and online platform adoption. North America holds the largest market share, Europe follows, and the Asia-Pacific region is expected to grow fastest due to urbanization and digital adoption. Major players such as Allianz SE, AXA Group, Zurich Insurance Group, Chubb Limited, MetLife, Inc., AIG, Prudential Financial, Inc., Liberty Mutual Insurance, Aviva plc, and Sompo Holdings, Inc. are investing in digital innovation and strategic partnerships to enhance customer experience and market reach.
newstrail.comnews - Aug 12, 2025 - 01:57
Five Star 2024 Commercial Lines Overall Ratings
The 2024 Commercial Lines Star Ratings are based on feedback from over 550 UK insurance brokers who completed the Insurance Times 2023/24 Commercial Lines Survey. Brokers evaluated their insurer partners on service, claims, underwriting, relationship management, and quality of cover over the past 12 months. The ratings reflect the overall performance of insurers in the UK commercial lines market, with Markel receiving the highest average score of 4.11 stars, followed by Arch Insurance at 4.09, and Hiscox at 3.31 stars.
insurancetimes.co.uknews - Aug 11, 2025 - 18:44
Commercial Auto Insurance Market to Reach $390.5 billion, Globally, by 2033 at 9.1% CAGR | Share
A report by Allied Market Research forecasts the global commercial auto insurance market to grow from $160.4 billion in 2023 to $390.5 billion by 2033, at a compound annual growth rate (CAGR) of 9.1%. Growth is driven by expanding vehicle fleets in logistics, e-commerce, construction, and ride-sharing, as well as advancements in telematics and usage-based insurance (UBI). The broker distribution channel and third-party liability coverage remain dominant, with light commercial vehicles leading by vehicle type. North America holds the largest market share due to high vehicle concentration, strict regulations, and strong insurance infrastructure. Key players include Aviva, AXA, Chubb Limited, WTW, Berkshire Hathaway, Allianz, Zurich, Liberty Mutual, AIG, Progressive, The Hartford, Farmers, Nationwide, Allstate, The Travelers, New India Assurance, HDFC ERGO, Tata AIG, and State Farm, which are adopting strategies such as product launches, collaborations, and expansions to strengthen their market positions.
newstrail.comDescription
American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy...Show More
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