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AM Best Upgrades Issuer Credit Ratings for American International Group, Inc and Its Property/Casualty Subsidiaries

AM Best has upgraded the Long-Term Issuer Credit Ratings to “a+” from “a” Excellent) and affirmed the Financial Strength Rating of A of American International Group, Inc.’s .

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AM Best Revises Issuer Credit Rating Outlook to Positive for American International Group, Inc and Its Property/Casualty Subsidiaries

AM Best Revises Issuer Credit Rating Outlook to Positive for American International Group, Inc and Its Property/Casualty Subsidiaries
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AM Best Affirms Credit Ratings of American International Group, Inc and Its Subsidiaries

AM Best has affirmed the Long-Term Issuer Credit Rating of“ bbb” of American International Group, Inc.. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICRs of“ a” for the members of the AIG Life& Retirement Group. Full-year 2020 consolidated operating results were negatively impacted by significant catastrophe losses, including the effects from.

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Insurers COVID-19 Notepad: What You Need to Know Now (Week of December 21) | All Alerts & Newsletters

Dec.22.2020 Courts Dismiss COVID-19 Business Interruption Claims On December 17, 2020, the district court for the Middle District of Florida granted DTW 1991 Underwriting Limited’s motion to dismiss a bar’s COVID-19 business interruption complaint. According to the court, because the plaintiff did not suffer any tangible damage, and instead alleged that its loss was tied to the government shutdown orders, the loss was only economic, which “is not the type of loss that [the] Defendant undertook to pay for based on the plain meaning of the language in the policy.” Order at 15. Finding amendment would be futile, the court dismissed the case with prejudice.

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