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American International Group, Inc. ( AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [ 6] As of 2023, AIG employed 25,200 people. [ 2] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled ...
Casualty insurance is a defined term [ 1] which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance. Casualty insurance is mainly liability coverage of an individual or organization for negligent acts or omissions. [ 2] However, the term has also been used for property insurance ...
The Philippine Health Insurance Corporation ( PhilHealth) was created in 1995 to implement universal health coverage in the Philippines. It is a tax-exempt, government-owned and controlled corporation (GOCC) of the Philippines, and is attached to the Department of Health. On August 4, 1969, Republic Act 6111 or the Philippine Medical Care Act ...
A separate company, the Sun Life Assurance Company, was formed and although it was legally distinct from the Fire Office, the two companies had identical boards of management. Before 1830, fire business was split equally between London and the provinces but by the 1880s more than 70 per cent was in the provinces.
FM. FM (formerly FM Global) is an American mutual insurance company based in Johnston, Rhode Island, United States, with offices worldwide, that specializes in loss prevention services primarily to large corporations throughout the world in the Highly Protected Risk (HPR) property insurance market sector. "FM" is the communicative name of the ...
Hyundai Marine & Fire Insurance was established as Dongbang Marine Insurance in 1955. Hyundai Group acquired Dongbang in 1983 and changed its name to Hyundai Marine & Fire Insurance in 1985. [ 2 ] However, due to Hyundai's break up caused by a feud between the group founder Chung Ju-yung 's sons, Hyundai Insurance was split from the original ...
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...