AIG American General Insurance
AIG AMERICAN GENERAL INSURANCE CO.
AIG American General
President Matthew Winter
2727-A Allen Parkway
Houston, TX 77019-2115
713-522-1111
972-728-6300
AIG is at the forefront of providing quality insurance products and is leading the industry in offering innovative services to it consumers. American General Insurance has been in existence for over 150 years and is a trusted name in life insurance services. When these two big names combine, it means an alliance that can offer better services backed by proven experience and know-how.
American General started in 1925, underwriting insurance for property as well as casualties, a service never heard of prior to that year. Founded in Houston, Texas by Gus S. Worthman, the company sprung out of his foresight to offer such services to the public. Since then, American General Insurance grew not only through insurance services but through the acquisition of several companies.
AIG acquired American General on August 29, 2001, strengthening the position of both companies in the American insurance market. Today, AIG American General continues to grow and offer a wide range of services to its clients. It serves as the financial and marketing arm of AIG.
AIG American General Insurance Co. offers life, health and automobile insurance. Their clients range from individuals, to companies, to individuals through their workplace. So whatever insurance coverage the clients need, AIG American General Insurance Co. is sure to provide such products.
It has established an online service for clients through its “I’ve Got a Client” software which helps match the customers’ needs with AIG American General’s various financial services. Financial service professionals will use this online tool to evaluate what services the client would be most interested in and which they can also afford. The result: client satisfaction through quick service delivery and matched needs.
AIG American General prides itself in its years of experience. Purchasing life insurance or other pre-need services is a big decision that has to be given considerable thought; and because the company has been around for years, the company’s more than 14.2 million clients are assured of quality service that rests on its decades of offering superior products. Its products and services are supported by workforce of over 4,000 employees in various customer service centers all over the country.
The company’s performance is proof enough of its commitment to provide valuable service. It paid out over $35 billion worth of benefits and claims to its customers between 2005 and 2009. It has seven insurance company subsidiaries all over the United States but posted an operating loss of about $309 million during the fourth quarter of 2009.
Despite its performance during the past year, largely due to the economic crisis, AIG American remains optimistic about the future and continues to find ways and innovations to satisfy client needs. It has recently launched a new product for long-term care of individuals. This is largely due to the increasing demand for long-term care for individuals who have illnesses that will debilitate them over a long period or those individuals whose families are not able to care for them.
This and many other services allow AIG American General to keep its head afloat despite the difficulties in the market today.
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