All the headlines from our AIG Topic Page, ordered by recency.
Oct 1 2008 // “We hoped we were wrong,” said Peter Taffae, managing director of Executive Perils Inc., of the financial troubles that recently befell American International Group. In early June 2008, Taffae and several of...
Sep 30 2008 // California Insurance Commissioner Steve Poizner and Washington Commissioner Mike Kreidler reaffirmed that insurance companies owned by AIG continue to have the risk-based capital needed to operateand warned policyholders...
Sep 30 2008 // The Kazakh unit of AIG said on Tuesday it had no intention of selling its insurance business in the Central Asian state.On Monday, Kazakhstan’s No.1 insurer Eurasia said it had made a formal offer to buy the Kazakh...
Sep 30 2008 // Amercian International Group is selling its stake in a London airport.Global Infrastructure Partners (GIP) said it has entered into a definitive agreement to acquire AIG-Financial Products’ 50 percent interest in...
Sep 29 2008 // The Texas Department of Insurance (TDI) has issued a statement and answers to some frequently asked questions regarding AIG insurance companies in Texas.“AIG’s Texas insurance companies are currently...
Sep 26 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 help...
Sep 26 2008 // State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal...
Sep 25 2008 // American International Group Inc. (AIG) Chairman and CEO Edward M. Liddy will host a conference call for the investment community on Friday, Oct. 3, 2008 at 8:30 a.m. EDT to provide an update on AIG’s future...
Sep 25 2008 // New Hampshire’s insurance commissioner is working to reassure residents who are insured by AIG, one of the firms being bailed out by the government. Roger Sevigny says AIG’s insurance companies are financially...
Sep 24 2008 // The following commentary on the push for federal regulation as a result of AIG and other financial institutions’ troubles was written by Robert PIerce, CEO, Michigan Association of Insurance Agents. Over the last few...
Sep 24 2008 // Insurers Travelers Cos Inc and Chubb Corp will no longer issue surety bonds with American International Group Inc as a co-participant, according to insurance brokerage Marsh Inc.Surety contracts guarantee the performance...
Sep 24 2008 // In testimony before the U.S. International Trade Commission, the Property Casualty Insurers Association of America (PCI) stressed the “importance of the U.S.-China insurance trade relationship.” The PCI also...
Sep 24 2008 // A.M. Best announced that a number of leaders of its insurance ratings team will address a variety of important property/casualty market issues in an online briefing set for today, Wednesday, September 24 at 9 a.m. Eastern...
Sep 24 2008 // Billionaire investor Warren Buffett said Wednesday his Berkshire Hathaway Inc. insurance and investment company would consider buying some units from American International Group Inc., the insurer bailed out by the U.S....
Sep 23 2008 // AIG’s insurance companies are financially sound, with substantially more in assets than they need to pay all valid present and projected claims, New York Insurance Superintendent Eric Dinallo said.Dinallo also...
Sep 23 2008 // New York Governor David A. Paterson said that New York State will, beginning in January, regulate part of the credit default swap market which has to date been unregulated and has been a major contributor to the emerging...
Sep 23 2008 // The FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc. and insurer American International Group Inc. and their senior executives for potential mortgage fraud, CNN reported on Tuesday.The FBI did...
Sep 23 2008 // American International Group Inc. (AIG) announced that it has signed a definitive agreement with the Federal Reserve Bank of New York for a two-year, $85 billion revolving credit facility. Interest will accrue at a rate...
Sep 22 2008 // The head of the Singapore unit of troubled insurance giant American International Group Inc. resigned Friday after 14 years with the company.Mark O’Dell, general manager of AIA Singapore, has left and Executive Vice...
Sep 22 2008 // After President George W. Bush surveyed the damage along the Texas Gulf Coast just days after Hurricane Ike rammed its way onto Galveston Island, he urged Americans not to succumb to “disaster fatigue” and to...