All the headlines from our AIG Topic Page, ordered by recency.
Jan 14 2013 // American International Group Inc. has filed a lawsuit against a vehicle created by the Federal Reserve Bank of New York to help bail out the insurer, in a bid to preserve its right to sue Bank of America Corp .and other...
Jan 14 2013 // Loss-Prevention Efforts“Heavy losses caused by weather-related natural catastrophes in the USA showed that greater loss-prevention efforts are needed. It would certainly be possible to protect conurbations like New...
Jan 14 2013 // Certain Losses“Those cars are going to be losses.” —U.S. Postal Service spokesman Pete Nowacki said up to 30 postal vehicles and an undetermined number of employee cars were submerged behind a mail-sorting...
Jan 10 2013 // Hank Greenberg will not sue AIG over the company’s decision not to join his lawsuit against the U.S. government, his lawyer said on Thursday.Greenberg, who was chief executive officer of American International Group...
Jan 9 2013 // The board of American International Group Inc. decided on Wednesday not to join a lawsuit against the U.S. government over the terms of the company’s bailout, following two days of fevered backlash from Congress and...
Jan 9 2013 // The board of American International Group Inc. met on Wednesday to consider a lawsuit against the U.S. government over the terms of the company’s bailout, a discussion directors defended as their responsibility but...
Jan 9 2013 // Zurich in North America (ZNA) has appointed Thomas Fioretti as chief risk engineering officer. He will be based in New York.In this role, Fioretti will be responsible for the ongoing development and delivery of risk...
Jan 9 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008, said on Tuesday it is considering joining a lawsuit that claims the bailout terms were unfair, drawing angry condemnation from...
Jan 8 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms of the deal were...
Jan 8 2013 // New York Attorney General Eric Schneiderman cannot stop a $115 million settlement between American International Group Inc. shareholders and the insurer’s former chief executive and others, a U.S. judge ruled on...
Jan 2 2013 // In Chinese astrology, the year 2012 was the Year of the Dragon, a symbol of unpredictability and uncertainty. The dragon represents mystery because its head and tail cannot be seen at the same time, according to Chinese...
Dec 31 2012 // With less than a day left until the end of the year, here’s a look back at some of the biggest property/casualty insurance news stories in 2012 that impacted the Northeast region, in chronological order:Top Investor...
Dec 31 2012 // American International Group,Inc. said it will launch an advertising campaign thanking America for its support during the global financial crisis, as well as highlighting AIG’s recovery and the repayment and a...
Dec 17 2012 // American International Group may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia’s second-largest block sale ever, exiting a business the U.S. insurer started nearly 100...
Dec 14 2012 // The U.S. Treasury Department said on Friday it has completed its final sale of common stock in American International Group, reducing its shares in the insurer to zero four years after a massive government bailout.Treasury...
Dec 13 2012 // To say taxpayers made money from their investment in AIG is to libel the very concept of profit.Come to think of it, it may well be a gross insult to the idea of investment too. The Treasury Department announced on Tuesday...
Dec 12 2012 // A.M. Best Co. has commented that the issuer credit rating of “bbb” of American International Group is unchanged following the announcement of the U.S. Treasury’s plan to sell its remaining holdings of...
Dec 11 2012 // The U.S. Treasury’s sale of its remaining stake in American International Group Inc. will fetch $7.6 billion, bringing the government a total profit of $22.7 billion from its crisis-era bailout of the insurer.The...
Dec 10 2012 // The U.S. Treasury said on Monday it would sell the last of its remaining AIG shares, rounding off a $182 billion bailout that began during the financial crisis. Following is a timeline of key events in the history of...
Dec 10 2012 // The U.S. Treasury is selling its remaining stake in insurer American International Group Inc., bringing an end to government ownership of the company about four years after a $182 billion bailout.The sale will close the...