All the headlines from our AIG Topic Page, ordered by recency.
May 23 2005 // MASSACHUSETTSSafe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...
May 23 2005 // Investigative subpoenas have been issued by Florida Insurance Commissioner Kevin McCarty probing the dealings of 17 reinsurers selling finite risk policies.The companies on the receiving end of the subpoenas, including...
May 23 2005 // Staffing FirmsNuts & Bolts: Victor O. Schinnerer and Company launched SpecialtyOne, an errors and omissions insurance program for management consultants and staffing firms. Target risks for the program include a range...
May 20 2005 // A Reuters report on Friday stated that a New York grand jury is investigating potential criminal conduct by individuals at insurance company American International Group Inc. (AIG).According to the report, New York...
May 19 2005 // The Florida Office of Insurance Regulation has joined the ever-increasing tide of regulatory bodies seeking answers from American International Group Inc. AIG operates 43 licensed insurance entities in the State of...
May 19 2005 // AIG Auto Insurance said it will lower auto insurance costs for more than 55,000 policyholders in New Jersey. Beginning June 30, 2005, AIG Auto Insurance will implement a 4 percent rate decrease, which will lower auto...
May 19 2005 // Massachusetts Insurance Commissioner Julianne Bowler has approved a 3.0 percent overall average rate reduction in workers’ compensation rates, a savings of $32.6 million in premiums paid by employers. The new rates...
May 17 2005 // Two insurance employees will be placed on paid leave as federal officials conduct probes into insurance practices, billionaire investor Warren Buffett’s Berkshire Hathaway Inc. said.In a filing last Friday with the...
May 9 2005 // The state insurance department is appointing a consultant to audit years of alleged improper booking of workers’ compensation premiums at American International Group. New York Attorney General Eliot Spitzer and...
May 9 2005 // Ohio Attorney General Jim Petro is expanding the scope of the securities fraud class action lawsuit currently pending against American International Group and others by filing an amended complaint in federal court in New...
May 9 2005 // The Domestic Brokerage Group of American International Group Inc. (AIG) announced the formation of the AIG Financial Institutions Practice, a new organization dedicated to serving the insurance and risk management needs of...
May 9 2005 // Investigators’ interest in finite reinsurance transactions goes well beyond the five-year old agreement between American International Group and Berkshire Hathaway’s General Re that has been targeted by New...
May 5 2005 // Responding to the announcement from American International Group that it was restating its financial statements for the years 2000 to present, and that the filing of its 2004 annual report would again be delayed,...
May 5 2005 // A.M. Best Co. has downgraded the issuer credit ratings to “aa-” from “aa” of Transatlantic Reinsurance Company, Putnam Reinsurance Company (both of New York, N.Y.) and Trans Re Zurich (Zurich,...
May 5 2005 // A.M. Best Co. has downgraded the Financial Strength Ratings (FSR) of most of American International Group Inc.’s (AIG) (New York) wholly-owned insurance subsidiaries to A+ (Superior) from A++ (Superior).This action...
May 4 2005 // AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group Inc. (AIG), has launched its enhanced AIG Private Client Group Auto Program in...
May 2 2005 // American International Group Inc. said that it has decided to restate financials from several previous years and that preliminary results of its internal audit show its 2004 results should be reduced by $2.7 billion, or...
May 2 2005 // Billionaire investor Warren Buffett and his right hand man, Charlie Munger, expressed confidence in embattled New York insurance company American International Group Inc. as they addressed Berkshire Hathaway Inc....
Apr 29 2005 // American International Group will again delay the filing of its annual 10-K report for 2004 in order to complete its review of its accounting, according to published reports.The filing had been expected on Monday but now...
Apr 28 2005 // AIG WorldSource(R), a division of the Domestic Brokerage Group of American International Group, has announced enhancements to several key components of its Defense Base Act (DBA) coverage program. AIG WorldSource will now...