AIG's Environmental liability

AIG’s environmental liability refers to the financial responsibility the company may face for environmental damages or cleanup costs resulting from its insured activities, properties, or operations. This includes expenses related to pollution, contamination, or environmental accidents that cause harm to the environment or public health. AIG manages this risk through insurance coverage and risk mitigation strategies, ensuring they are financially prepared to cover potential claims or legal liabilities arising from environmental issues. Essentially, it’s AIG’s way of planning for possible environmental-related financial obligations tied to its business operations.