Filed Under:Agent Broker, Commercial Business

AIG increases commercial property limits 67% to $2.5 billion

(Photo: Shutterstock)
(Photo: Shutterstock)

(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.

Related: Trends and opportunities for commercial P&C insurance in 2016

Copyright 2017 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Featured Video

Most Recent Videos

Video Library ››

Top Story

Best eco-friendly cars for Earth Day 2017

Do you know which models are most recommended for your environmenally conscious auto insurance clients?

Top Story

6 tips for employers to make workplaces pet-friendly

According to Pets Best Insurance Services, here are a few ways employers and employees can make their offices more friendly to Fido and Fluffy.

More Resources

Comments

eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.