Travel insurance policies "will likely" cover injuries sustained by aircraft turbulence, but policies may vary, the Association Of British Insurers said
AIG Beats Profit Estimates on Underwriting Strength usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
AIG, one of the world's biggest commercial insurers, said underwriting income in its general insurance arm rose 19% to $596 million for the quarter ended March and included $106 million of total catastrophe-related charges. "General Insurance had another quarter of impressive Commercial Lines profitability benefiting from continued strong underwriting performance and low levels of catastrophe losses as we continue to manage volatility in our results," AIG Chairman and CEO Peter Zaffino said. Insurers have reaped the benefits of growing hopes of a soft landing and a still-tight labor market that has revived spending on insurance policies.
(Reuters) - American International Group exceeded first-quarter profit expectations on Wednesday, driven by growth in its general insurance as well as life and retirement divisions, and lower catastrophe losses. AIG, one of the world's biggest comm.