American International Auto Insurance

FREE Auto Insurance Comparison

 Secured with SHA-256 Encryption

Compare quotes from the top auto insurance companies and save!

Company Details
Address:

80 Pine Street, 4th Floor

City:
New York
State:
NY
ZIP Code:
10005
Phone Number:
Fax: +1 646.857.2309
Year Founded
1919
AM Best Rating:
Company Rating 0 (0 reviews)

Things to Remember...
  • American International Group is a property and casualty based in New York
  • AIG suffered enormous financial losses during the recession
  • AIG then created a company that aims to sell public shares in a new corporate entity

This American International auto insurance review explores the property & casualty of New York, New York-headquartered American International Group (AIG).

AIG suffered enormous financial losses during the global economic downturn of 2008 to 2009 and borrowed millions from the U.S. government to maintain solvency.

Prior to a series of divestitures to initiate repayment of government funds, AIG owned an extensive portfolio of insurance companies, including life insurance, financial services, and retirement planning, and property & casualty companies.

From 2004 to 2008, AIG was the world’s largest insurance company. The company was ranked 18th on the Forbes Global 2000 list.

If you’ve purchased American International auto insurance for a year or longer, comparing your auto insurance rates with those from other top American International auto insurance competitors could save you money.

Start by entering your home zip code and receive auto insurance quotes to purchase the auto insurance you need for less money!

American International Auto Insurance and Chartis

adobestock_23831446-1600x1600

AIG announced that it would create a special purpose vehicle in 2009 for foreign, general, financial services, and commercial insurance lines.

Initially, the company was called American International Underwriters Holdings (AIU Holdings), but corporate leaders wanted to separate the company from the parent’s financial woes.

The company was then called Chartis to separate it from the parent corporate, with the expectation of selling public shares in the new corporate entity through an initial public offering (IPO).

The company’s name harkens back to the Greek word for map. The company slogan, “Set a course for what’s possible,” reflects the goal to help customers.

AIG’s Chief Executive Officer, Robert Benmosche, announced that Chartis was central to the company’s turnaround and recovery strategy.

Chartis, Inc. continued to divest itself of properties to raise cash throughout 2001.

FREE Auto Insurance Comparison

Compare quotes from the top auto insurance companies and save!

 Secured with SHA-256 Encryption

American International Auto Insurance and Chartis Companies

According to the company website, Chartis includes:

  • American International South Insurance Company
  • American Home Assurance Company
  • Granite State Insurance Company
  • Audubon Insurance Company
  • National Union Fire Insurance Company of Pittsburgh, Pennsylvania
  • AIG Casualty Co.
  • The Insurance Company of the State of Pennsylvania
  • Commerce and Industry Insurance Company
  • New Hampshire Insurance Company
  • AIG Excess Liability Insurance Company
  • The Insurance Company of the State of Pennsylvania
  • Landmark Insurance Company
  • AIG Life Insurance Co.
  • American International Specialty Lines Insurance Co.
  • Lexington Insurance Company
  • American International Life Assurance Co. of New York
  • National Union Fire Insurance Co. of Vermont
  • American International Auto Insurance Coverage

Chartis offers clients the ability to insure multiple vehicles under a single policy.

According to the Private Client Group’s auto insurance page, customers may obtain higher than usual liability limits.

Uninsured or underinsured motorist coverage of up to $1 million is also available. Towing the insured’s car in the event of accident or damage is included at no extra cost.

Unlike some insurance companies, Chartis helps to establish an agreed-upon value of their insured’s auto or other vehicles at the time the insurance policy agreement is signed.

If the customer suffers a total loss of an insured vehicle, she receives the agreed-upon value, not a claims determined depreciated figure.

American International Auto Insurance and the Competitive Advantage

If you haven’t compared auto insurance rates in a year or so, take a moment to request auto insurance quotes from a variety of auto insurance companies.

Auto insurance companies want your business. So use today’s competitive business climate to save money on auto insurance.

Type your zip code into the free online rates tool and compare auto insurance quotes today!

One Review

  1. maciej May 25, 2016

Leave a Review

Sending

FREE Auto Insurance Comparison

Enter your zip code below to compare rates from the top companies in your area

 Secured with SHA-256 Encryption

[0-9]
[0-9]