All the headlines from our AIG Topic Page, ordered by recency.
Mar 23 2009 // The nation’s insurance regulators are again telling policyholders of American International Group (AIG) that the insurance company is able to meet its obligations to them despite ongoing controversy surrounding the...
Mar 23 2009 // Michigan Treasurer Robert Kleine and Attorney General Mike Cox say Michigan has been named lead plaintiff in a class action lawsuit against American International Group Inc. (AIG). The State of Michigan Retirement Systems...
Mar 20 2009 // Montana State Auditor and Commissioner of Securities Monica Lindeen have sent a demand letter to AIG requesting information about the company’s finances and bonuses. Lindeen is asking her Securities Division to look...
Mar 20 2009 // New York City could lose $3 million in tax revenues if insurer American International Group’s workers are forced to hand back their bonuses, the city comptroller said on Thursday.Wall Street is the taproot of New...
Mar 20 2009 // Small crowds of protesters angered by the government’s $180 billion bailout of AIG marched in cities across the United States Thursday, mocking bonuses paid to employees who helped push the company to the brink of...
Mar 20 2009 // Edmund Tse, the top American International Group Inc. executive in Asia, is retiring, the troubled insurer said on Friday.Tse, who is in his early 70s, has worked at AIG since 1961, and was once considered a top candidate...
Mar 19 2009 // The House , reacting to public furor, will vote today on a bill to recoup most of the bonuses paid to AIG executives after the insurer got billions of dollars in government aid, Democratic leaders said Wednesday.The bill...
Mar 19 2009 // The head of the nation’s most vilified corporation sat before irate lawmakers at a U.S. congressional hearing Wednesday and was assured, “We don’t intend to harass you.”Then the harassment began....
Mar 19 2009 // American International Group Inc., being kept afloat by a $180 billion government bailout, may sell its downtown Manhattan headquarters.“AIG is evaluating the potential sale of its headquarters building at 70 Pine...
Mar 19 2009 // The U.S. House of Representatives swiftly passed a bill Thursday to recoup controversial bonuses paid to American International Group Inc. as Treasury Secretary Timothy Geithner tried to calm the furor by taking...
Mar 18 2009 // American International Group CEO and Chairman Edward Liddy is among those scheduled to testify before a House subcomittee today on Capitol Hill.The hearing of the House Financial Services Subcommittee on Capital Markets,...
Mar 18 2009 // The Obama administration turned up the heat on AIG Tuesday over its employee bonuses, saying the embattled insurer will be forced to repay U.S. taxpayers before it gets another bailout of $30 billion.Treasury Secretary...
Mar 18 2009 // Public anger over the bailout of U.S. financial firms is understandable, but taxpayers should know that American International Group plans to repay the money, chief executive Edward Liddy said in an opinion piece published...
Mar 18 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
Mar 18 2009 // American International Group Inc., which has received $180 billion in taxpayer money to stay in business, created 73 millionaires with bonuses of $1 million or more in 2008, New York’s top legal officer said on...
Mar 18 2009 // American International Group Financial Products (AIGFP) employees who received retention bonuses in excess of $100,000 have been asked to return half of the bonuses, AIG CEO Edward Liddy told lawmakers on Capitol Hill...
Mar 18 2009 // American International Group CEO and Chairman Edward Liddy was among those scheduled to testify before a House subcomittee March 18 on Capitol Hill.The hearing of the House Financial Services Subcommittee on Capital...
Mar 17 2009 // American International Group Inc., which received $180 billion in U.S. taxpayer money, disclosed that up to 400 employees would be receiving as much as $650 million in bonuses.The employees, who are part of the financial...
Mar 17 2009 // The U.S. Treasury will modify a planned $30 billion capital infusion for American International Group to try to recoup hundreds of millions of dollars in controversial bonuses paid by the insurer, a Treasury official said...
Mar 17 2009 // A prominent U.S. senator has intimated that executives of the troubled insurer American International Group Inc might consider suicide, adopting what he called a Japanese approach to taking responsibility for their...