All the headlines from our AIG Topic Page, ordered by recency.
Oct 13 2008 // As finance chiefs gathered in Washington D.C. this weekend to work out what went wrong with the world economy, the refusal of the U.S. Treasury to rescue investment bank Lehman Brothers was being blamed as the straw that...
Oct 13 2008 // Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance contracts.That’s the...
Oct 10 2008 // American International Group’s meltdown may serve at least one (if not more) positive purpose: spotlighting the difference between the insurance professional and the non-professional.Insurance professionals will have...
Oct 10 2008 // Democratic Sen. John Kerry’s Republican challenger in Massachusetts called on him to sell any stock he has in insurance giant American International Group and donate all campaign contributions from officials at the...
Oct 10 2008 // American International Group’s (AIG) exposure to the subprime mortgage market that precipitated the government’s $85 billion bailout came as a result of business conducted after he left the company, according...
Oct 9 2008 // The AIG has been a settled part of the insurance scene for as long as I have been watching it. It was huge, centralized and driven by a singular and dominant personality. It nearly always evoked fear in the minds of...
Oct 8 2008 // Lawmakers criticized American International Group Inc. Tuesday for ignoring financial warnings and for executive compensation deals and lavish spending, including a company gathering at an expensive resort just days after...
Oct 8 2008 // American International Group Inc. (AIG) chairman and CEO Edward M. Liddy sent a letter today to U.S. Treasury Secretary Henry M. Paulson to clarify the circumstances of a business event held by an AIG subsidiary, discussed...
Oct 8 2008 // The Federal Reserve Board has authorized the Federal Reserve Bank of New York to borrow securities from certain regulated domestic life insurance subsidiaries of the American International Group (AIG).Under this program,...
Oct 7 2008 // American International Group executives and several financial regulators are scheduled to testify today at a Capitol Hill hearing on the circumstances leading up to $85 million government loan to AIG.The House Committee on...
Oct 7 2008 // Washington policymakers had no choice but to rescue American International Group Inc. after a dramatic investor crisis left the giant insurer starved for cash, New York insurance chief Eric Dinallo told lawmakers...
Oct 7 2008 // U.S. regulators sent a letter to American International Group Inc. in March warning of its lack of transparency and ability to oversee its financial products, a top Democratic lawmaker said Tuesday.Rep. Henry Waxman, who...
Oct 6 2008 // The emergency loan and the recent announcements that American International Group plans to sell off some of its assets (See related articles) doesn’t seem to have impressed the rating agencies. Both A.M. Best and...
Oct 6 2008 // Embattled insurer American International Group Inc. said it will sell three of its Japanese life insurance businesses.As part of its effort to pay off a massive U.S. government loan, AIG has decided to unload Alico Japan,...
Oct 6 2008 // Spitzer forced Greenberg out of the company he built over nearly 40 years.Lost by many in the financial markets’ nightmare were ghosts of Wall Street past. Some are blaming the historic $85 billion federal bailout...
Oct 6 2008 // New York State Insurance Superintendent Eric Dinallo, who heads a national panel of state regulators overseeing possible sales of assets by American International Group (AIG), has asked an investment advisory firm to...
Oct 6 2008 // Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked the new chief executive officer at American International Group Inc. to give his committee internal documents related to...
Oct 6 2008 // New York officials helped giant insurer American International Group Inc. strike the historic loan deal with the Federal Reserve that is keeping AIG afloat.Gov. David Paterson called it “great news” that will...
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Oct 6 2008 // Midwestern reaction to a proposed bail out of insurance giant American International Group (AIG) has been varied.In Chicago Mayor Richard Daley is not happy about the Federal Reserve Bank’s decision to provide an $85...