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AIG Insurance

Insurance, United States, New York, New York City

AIG Insurance provides comprehensive insurance solutions for individuals and businesses, with a focus on risk management and financial protection.

About AIG Insurance

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, New York state
Official Website
http://www.aiginsurance.com
Location Address Official Phone Email
United States of America, New York state United States, New York, New York City **** ****
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FAQs – AIG Insurance

How do insurance exchanges combat adverse selection?

Insurance exchanges, particularly those established by the Affordable Care Act, mitigate adverse selection by providing standardized plans, offering subsidies, and ensuring broad participation. These measures help balance the risk pool and prevent only high-risk individuals from enrolling in insurance plans.


How does the FCA regulate insurance pricing and fairness?

The FCA works to eliminate discriminatory pricing practices, ensure fair renewal premiums, and prevent "price walking," where loyal customers pay higher premiums than new customers for the same coverage.


What is not covered under public liability insurance?

It does not cover employee injuries, professional negligence, product liability, intentional harm, or damage to the insured's own property.


What happens if my income changes while on Medicaid?

If your income increases beyond Medicaid’s eligibility limits, you may lose coverage and need to transition to a Marketplace plan. If your income decreases, you should report it to your state Medicaid office to determine continued eligibility or potential increased benefits.


Do out-of-pocket maximums apply to all types of insurance?

No, out-of-pocket maximums are specific to health insurance plans and do not apply to auto, homeowners, or life insurance policies.


How does blockchain prevent fraud in the insurance industry?

Blockchain creates immutable records, making it nearly impossible for fraudsters to alter claim histories or submit duplicate claims.


How can someone become a member of the SOA?

Individuals can join the SOA as student members while pursuing actuarial exams. After earning the ASA or FSA designation, they become full members, gaining access to professional development resources and voting rights within the organization.


What is agricultural weather-related insurance?

Agricultural weather-related insurance is a type of policy that helps farmers protect their crops and livestock from losses caused by extreme weather conditions such as droughts, floods, or storms.


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