Exploring the far reaches of the world requires safety nets beyond the usual emergency kits. The company has backed expeditions from pole to pole with insurance and other aid as customers and partners seek out new insights, markets and dreams.
In 1954, a predecessor to AIG insured the state-of-the-art equipment used by researchers voyaging on a ship to the Arctic in search of Earth’s true northern magnetic pole. The crew of 11 circumvented ice and blizzards, and they ultimately captured the most accurate reading of the magnetic pole available at the time.
In addition to helping those pursuing deeper knowledge of the world, AIG’s history also includes aiding in the quest for unprecedented heights by providing insurance for expeditions looking to follow Sir Edmund Hillary and Tenzing Norgay’s ascent of Mount Everest. In the years that followed that famous achievement, few attempted the climb. But in 1963, a group of climbers became the first Americans to reach the peak with insurance serving as an important part of the climbers’ emergency pack.
This appreciation for a sense of adventure has continued throughout the company’s history. In 1966, an AIG predecessor insured the fastest round-the-world flight achieved at the time, by pilots Robert and Joan Wallick. In 1974, when the famous stuntman Evel Knievel attempted his death-defying jump across the Snake River Canyon, riding within a rocket he dubbed the “Sky-Cycle,” AIG provided the broadcast interruption coverage so that the world could watch.
These high-risk coverages—where so much can go wrong—have allowed AIG to bear witness to the most heart-stopping events. That willingness to offer unique and comprehensive coverage to the world’s voyagers, adventurers and athletes is why people turn to AIG while chasing their dreams.