Business Interruption Claims From COVID-19 Could Bankrupt The Insurance Industry [Seeking Alpha]
American International Group, Inc. New (AIG)
Last american international group, inc. new earnings: 2/13 06:45 am
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Source: Seeking Alpha
SummaryPandemics have been with humanity since ancient times.The P&C industry has $860B capital and surplus – making it a good target for regulators and clients.Small firms seeking survival will look to Business Interruption Insurance coverage for help.Business Interruption claims will likely rise – perhaps from mandated retrospective coverage.Policy language is subject to interpretation – few firms have insurance that covers pandemics.History of PandemicsPandemics have been with humanity over many centuries. Excluding ancient times, recorded major pandemics occurred in 430 B.C – The Plague of Athens, with other epidemics following:430 BC Plague of Athens; 165 A.D. Antonine Plague; 250 A.D. Plague of Cyprian;540 Plague of Justinian; 1350 Black Death (Bubonic Plague); 1665 Great Plague of London;1817 First Cholera Pandemic; 1855 Third Plague Pandemic; 1875 Fiji Measles Pandemic;1889 Russian Flu; 1918 Spanish Flu; 1957: Asian Flu; 1968 Hong Kong Flu;1981 AIDS; 2003 SARS; 2009 Swine Flu
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AIG
Earnings
- 2/10/26 - Beat
AIG
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- AIG's page on the SEC website