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American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [5] As of 2023, AIG employed 25,200 people. [6]
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.
For example, if the launch vehicle being used had a one in ten failure rate, the insurance premium would be ten per cent of the gross cost. Today, insurers use statistics and computer modeling to arrive at premium rates, although data for calculations is limited. Another aspect of satellite insurance is the procedure attached to salvage.
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
Confirming the rumored sale of its aircraft leasing business, today AIG announced it has agreed to sell International Lease Finance Corporation (ILFC) to AerCap Holdings N.V. in a cash-and-stock ...
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 ...
An aircraft leasing arm of American International Group (AIG) snagged a deal to sell 53 airplanes to Macquarie Aerospace, in a deal worth nearly $2 billion, AIG announced late Tuesday night. The ...
Aviation was the first line of insurance provided by Tokio Marine HCC. The company's insurance for aviation includes liability, cargo, and war. HCC Aviation insures approximately 45,000 aircraft in the United States and more than 60 countries worldwide. [8] Avemco Insurance Company was a stand-alone NYSE company acquired by Tokio Marine HCC in ...
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