All the headlines from our AIG Topic Page, ordered by recency.
Jan 18 2011 // A federal judge in Michigan has dismissed a lawsuit challenging the bailout of American International Group on religious grounds. An Ypsilanti man claimed the United States should not have bailed out AIG because the...
Jan 17 2011 // The recapitalization of bailed-out insurer American International Group Inc. closed last Friday, leaving the government with a 92 percent stake that it plans to sell quickly.Bankers were buzzing Friday about how soon that...
Jan 13 2011 // Some of the United States’ top bankers descended on a law firm in midtown Manhattan Thursday to pitch for what could be one of the largest share sales in history — a secondary offering for bailed-out insurer...
Jan 12 2011 // American International Group Inc. accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex, marking the beginning of the end of a drawn-out process fraught with...
Jan 12 2011 // Banks will meet in New York City Thursday to make their case for the right to sell the U.S. Treasury’s stake in American International Group, three people familiar with the matter said Wednesday.The Treasury will own...
Jan 11 2011 // American International Group Inc. shares are expected to settle back to a level in the mid-$40 range once the company’s recently approved warrants begin trading, a person familiar with the situation said Monday.But...
Jan 11 2011 // American International Group Inc. could announce as early as Wednesday the sale of its Taiwan Nan Shan Life unit to conglomerate Ruentex Group for up to $2.5 billion, according to Taiwan newspapers.The reports could not...
Jan 10 2011 // American International Group has negotiated a $450 million settlement with seven of its competitors in the protracted litigation over its questionable reporting of workers’ compensation premiums.But the long-running...
Jan 7 2011 // The recapitalization of bailed-out insurer American International Group Inc. is likely to close next week, a person familiar with the matter said Friday, as AIG shares touched fresh highs on news it was getting closer to...
Jan 6 2011 // A signed legal settlement with American International Group will net the State of Kansas general fund $500,000, according to Sandy Praeger, Commissioner of Insurance.“The AIG settlement for Kansas was part of a...
Jan 5 2011 // A former employee of American International Group has filed a lawsuit claiming that PricewaterhouseCoopers was negligent in its audits of AIG and that the board of the bailed-out insurer failed to pursue a claim against...
Jan 4 2011 // American International Group’s protracted sale of its Taiwan unit was further complicated Tuesday when a local company proposed buying a stake in the insurer, an offer that may please regulators but runs counter to...
Dec 31 2010 // Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by...
Dec 28 2010 // Bailed-out insurer American International Group took another step toward winding down its U.S. government support Monday by securing $4.3 billion of bank credit lines, and company shares surged.AIG’s shares closed up...
Dec 28 2010 // The Minnesota Department of Commerce said it stands to receive more than $2 million in its share of a $146 million settlement with American International Group over misreporting of workers’ compensation insurance...
Dec 23 2010 // Bailed-out insurer American International Group Inc is close to picking a preferred bidder for Taiwanese life insurer Nan Shan, the Wall Street Journal reported Wednesday.But a person familiar with the situation, who spoke...
Dec 23 2010 // American International Group Inc. (AIG) has agreed to pay $146.5 million in fines and additional taxes to state insurance regulators for alleged under-reporting of premiums to states more than a decade ago.The company will...
Dec 22 2010 // During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on...
Dec 21 2010 // The U.S. Treasury Department plans to sell a large piece of its stake in American International Group in two stock offerings next year, officials briefed on the situation told Reuters.It would sell any remaining stock in...
Dec 21 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health subsidiaries of American International Group, Inc. as well as the ICR of...