(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.
NOT FOR REPRINT
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.