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Aviation insurance is insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance policies are distinctly different from those for other areas of transportation and tend to incorporate aviation terminology, as well as terminology, limits and clauses specific to aviation insurance.
AIG purchased the remaining 39% that it did not own of online auto insurance specialist 21st Century Insurance in 2007 for $749 million. [47] With the failure of the parent company and the continuing recession in late 2008, AIG rebranded its insurance unit to 21st Century Insurance. [48] [49]
Father and son team Leslie Gonda and Louis L. Gonda founded ILFC in 1973 along with Steven F. Udvar-Házy. [citation needed] The company was acquired by international insurance giant American International Group (AIG) in 1990, although the unit was still run by Udvar-Hazy until he retired in February 2010, when he was succeeded by vice-chairman Alan Lund.
This insurance company yard sale of sorts had outside investors picking up everything from financial units, to AIG's Big Sale: Aircraft Leasing, $4.2B OBO Skip to main content
WASHINGTON (Reuters) -Investigators plan to push forward on Friday with efforts to retrieve the two aircraft involved in a crash in Washington that killed 67 people and raised questions about air ...
The national average cost for minimum coverage auto insurance is $640 per year as of June 2024 according to Quadrant Information Services, so you can expect to pay a bit more than that to insure a ...
This article explores the various reasons for rising aircraft repair costs and overall aviation insurance claims inflation. New Aircraft Construction Materials: A Double-Edged Sword. Innovation and Increased Complexity. A factor leading to higher repair and replacement costs is that aircraft values are increasing due to technological advances ...
AIG's AIU Insurance unit has run a P&C insurance in the country since 1946, and is now the largest foreign nonlife insurer with 14,000 agents nationwide. [3] In retail auto and L&H space, AIG owns American Home and Fuji Fire and Marine Insurance company. [4] Since Jan 2018 AIU and FFM business units merged in AIG Sonpo.
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