According to a report from A.M. Best, AFG lent AIG the money on March 24 to help manage its cash limits under the terms of one of the Federal Reserve credit facilities created under the $182 billion federal bailout plan.
The move comes barely a month after AIG sent $600 million to AFG to help it maintain its capital requirements. Conditions of that loan include AGF maintaining a net worth of $2.2 billion and an 8-to-1 long-term debt to total common equity ratio.
Seemingly autonomous cars may have a human assistant providing remote support. The extent of this support remains unknown, despite a U.S. senator's inquiries, and this creates uncertainty for insurers.
"Wildfire risk is not just an occasional catastrophe, but a recurring cost embedded in the state's economy," said the report issued this week by the California Earthquake Authority.
The Insurance Information Institute and Fenix24 released Cybersecurity for Insurers: Squaring Safety with Service.
Satellite data is reshaping the way that the insurance industry thinks about risk.
Organizations must be able to prove what happened, how it happened, and what was impacted.
Research from Digital Insurance reveals the biggest tech disruptors for the insurance industry in 2026.
