All the headlines from our AIG Topic Page, ordered by recency.
Jan 23 2006 // American International Group, Inc. has appointed Charles Williamson as president of the AIG Private Client Group, which serves the insurance and risk management needs of high net worth individuals. He succeeds Ross...
Jan 23 2006 // New York officials have reportedly reassured the insurance community that, despite concerns over some alleged abuses of finite reinsurance, the use of certain multi-year reinsurance contracts that might be classified as...
Jan 23 2006 // Nuts & Bolts: AIG Excess Casualty, a division of American Home Assurance Company, part of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage for risks...
Jan 22 2006 // New MarketsIdentity Recovery Coverage – Personal Lines Nuts & Bolts: Merchants Insurance Group introduced a newly expanded Identity Recovery Coverage program for homeowners’ policyholders. The new coverage...
Jan 22 2006 // New MarketsNuts & Bolts: AIG Excess Casualty, a division of American Home Assurance Company, part of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage...
Jan 19 2006 // The Florida Office of Insurance Regulation has issued a consent order requiring 10 American International Group companies to transmit financial data required by statute, to pay administrative fines and costs of more than...
Jan 18 2006 // American International Group, Inc. (AIG) has announced that Donald P. Kanak, executive vice chairman and chief operating officer, has resigned from the company, effective January 31, for personal reasons. Kanak has also...
Jan 18 2006 // The board of directors of American International Group, Inc. has elected Fred H. Langhammer and Robert B. Willumstad as directors. Langhammer served was chief executive officer of The Estée Lauder Companies Inc. from 1999...
Dec 21 2005 // Confirming the commitment made last June (See IJ Website June 24) the Vietnamese government has formally issued a license to American International Underwriters Overseas Ltd., a subsidiary of AIG, to conduct general...
Dec 16 2005 // New York Attorney General Eliot Spitzer this week accused embattled insurance executive Maurice R. “Hank” Greenberg of participating in a series of financial transactions 35 years ago that cost the charitable...
Dec 14 2005 // American International Group Inc. has named Eric N. Litzky as vice president for corporate governance. He has also been named special counsel and secretary to the Board of Directors.Litzky will report directly to the AIG...
Dec 5 2005 // Frost Insurance reported that Ken North joined its Fort Worth, Texas, office as president of the company’s Dallas region. North has 30 years of experience in the insurance industry.Frost Insurance is a subsidiary of...
Dec 4 2005 // ust like Arnold Schwarzenegger, today’s strongest and most successful insurance programs started out as scrawny and klutzy kids. Hard work along with nurturing from wise and patient carriers helped them build muscle...
Nov 29 2005 // Calif. Insurance Commissioner John Garamendi has announced that a former Los Angeles insurance broker has been arrested and charged with 63 felony counts related to the sale of thousands of fake insurance policies...
Nov 28 2005 // Additional civil charges against former American International Group Inc. Chairman and CEO Maurice “Hank” Greenberg are possible, but no state criminal charges are expected, a spokesman for New York Attorney...
Nov 21 2005 // Q3 Insured Losses an All-Time Record: Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8 billion to homeowners and...
Nov 20 2005 // Motor CarriersNuts & Bolts: Lexington Insurance Company, a member company of American International Group Inc., introduced Lex TransportPlus, a new product suite encompassing two policies: Motor Truck Cargo and...
Nov 20 2005 // Q3 Insured Losses an All-Time Record: Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8 billion to homeowners and...
Nov 14 2005 // American International Group Inc. (AIG) has filed its Quarterly Report on Form 10-Q for the period ended Sept. 30, 2005 with the Securities and Exchange Commission. Third quarter 2005 net income was $1.72 billion or $0.65...
Nov 10 2005 // Fitch Ratings called the recent announcement by American International Group, Inc. (AIG) of additional restatements of previously-issued financial statements “a modest negative development.”Fitch said...