INDIVIDUALS & FAMILIES BUSINESS & ENTERPRISE INSURANCE INVESTMENTS BUSINESS CLAIMS WHY AIG NEWSROOM CAREERS INVESTORS ABOUT US LOG IN Energy Why AIG Aerospace AIG Risk Management Captive Solutions Casualty chevron_right Credit Lines chevron_right Cyber Energy Multinational Programs Excess & Surplus Lines chevron_right Financial Lines chevron_right Marine chevron_right Personal Insurance chevron_right Property chevron_right Product Highlight Sheet Library U.S. Zone Map and Contacts What is Energy? AIG provides brokers with admitted and non-admitted specialized property insurance solutions for their oil rig (upstream), oil & petrochemical, chemical, power generation and mining clients’ insurance needs. Specialized knowledge and insights based on firsthand energy industry experience to help clients make better-informed decisions. Broad, flexible appetite; open to risks on a shared, layered or excess basis. Availability of capacity and shared, layered or excess positioning depends on risk quality, occupancy hazards, client commitment to risk management principles and loss experience. Up to $500M in capacity for onshore business and up to $300M in capacity for offshore (Oil Rig) business available. The AIG Advantage Coverage Flexibility Broad all risk property damage and business interruption coverage (including boiler and machinery) available. Customized programs with coverage and risk engineering services tailored for specific onshore or offshore industry segments available. Claims Promise After coverage is confirmed, we will advance our policyholders up to 50% of an agreed loss estimate within 7 days, giving them the immediate working funds they need for property damage and repairs, clean-up costs and extra expenses. The team of dedicated property claims adjusters has 20+ years of experience on average. Multinational The team of dedicated property claims adjusters has 20+ years of experience on average. World-class multinational expertise, solutions and service. Service delivery in a globally consistent and seamless fashion through one of the largest global networks in the industry, spanning 215+ countries and jurisdictions Risk Engineering Multidisciplinary team of property risk engineers with decades of industry experience help mitigate catastrophic and business interruption loss via: Assessments based on deep knowledge to meet the needs of each client. Evaluations and best practices for unique, complex, renewable and emerging process occupancies. Why AIG Problem Solvers Challenge: A mining client with multinational exposure wanted to make sure its property insurance program did not include any business interruption coverage gaps. Solution: AIG modelled several different options and collaborated with its technology team to quantify the clients’ business interruption exposures. Benefit: AIG’s was able to ensure the client had proper coverage and even helped fill in gaps in to enhance their multinational program. Creative Solutions Challenge: The broker was looking for an insurer with industry expertise to help address a client’s cavern storage risk exposures. Solution: AIG’s risk engineers provided an on-site and in-office consultation with the client and broker. Based on the risk engineers’ analysis, AIG quoted a highly customized solution that fit the client’s needs. Benefit: AIG demonstrated that it understood the client’s unique exposure and could meet the client’s complex needs moving forward, and bound the account. Claims Expertise Challenge: A client suffered a catastrophic failure of a gas turbine generator. AIG was on site the next morning with a consultant engineer to help begin assessment and mitigation efforts. Solution: To support an ambitious schedule to replace/rebuild, AIG led the insurance panel to make a very substantial early payment to accommodate the high level of funding required to expedite the delivery of the new unit. Benefit: Due to AIG’s fulfillment of the AIG Property Claims Promise, the new turbine was delivered and installed ahead of schedule. National Leadership Warren Meigs Head of North America General Insurance Energy John E. Roberts VP Specialty, Energy and Construction Claims Paul Hart Risk Engineering, Lead for North Amercia General Insurance Downloadable Materials Energy Highlight Sheet LEARN MORE ABOUT OUR ENERGY OFFERINGS About Us Individuals Business Careers Newsroom About Us Legal About Our Ads Terms of Use Privacy Legal Notice Accessibility Statement Business Resilience Support Producer Notifications Fraud Warning Follow Us Twitter facebook you tube linkedin United States | Worldwide > Copyright © 2020 American International Group, Inc. All rights reserved. American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.