AIG has put its mid-market digital underwriting unit Blackboard into run-off, ending a five-year endeavour that had ambitious hopes of transforming commercial insurance using artificial intelligence. Blackboard was launched last year.
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Jun 03, 2020 · American International Group Inc.'s Blackboard U.S. Holdings Inc. will wind down operations after it failed to reach a deal with potential investors, Insurance Insider reported. AIG disclosed in its first-quarter results that it decided to place Blackboard into runoff at the end of March. It recognized a pretax loss of $210 million, primarily consisting of asset impairment …
May 05, 2020 · AIG has put its mid-market digital underwriting unit Blackboard into run-off, ending a five-year endeavour that had ambitious hopes of …
May 04, 2020 · AIG has put its mid-market digital underwriting unit Blackboard into run-off, ending a five-year endeavour that had ambitious hopes of transforming commercial insurance using artificial intelligence. AIG puts Blackboard into run-off
May 05, 2020 · Yesterday AIG reported that it has decided, at the end of March, to place Blackboard, AIG’s technology-driven subsidiary, into run-off. “As a result of this decision, AIG recognized a pre-tax loss of $210 million, primarily consisting of asset impairment charges; this charge did not impact adjusted pre-tax income.”
Blackboard declares victory, shuts down permanently in final act of triumph. Yesterday, our colleagues at Insurance Insider reported that AIG's Blackboard venture will be winding down operations after a buyer was not found within the timeframe the company was afforded by its owner AIG.Jun 4, 2020
Blackboard Insurance is a wholly owned subsidiary company of AIG. The Attune BOP is available in 46 states.