Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Reassures Investors About Subprime Mortgage Loan Exposure
Aug 13 2007 // Insurance giant American International Group last week told investors the housing market would have to spiral to Depression-era levels before it would be harmed by its exposure to the residential mortgage market. The...
AIG to Acquire German Insurer, Wuba
Aug 10 2007 // American International Group, Inc. (AIG) reports it is stepping up its presence in the German insurance market by acquiring a German insurer that offers coverage for small and medium firms. A subsidiary of AIG is acquiring...
For 2Q, AIG Profit Jumps 34%
Aug 8 2007 // American International Group, Inc. reports that its net income for the second quarter of 2007 was $4.28 billion or $1.64 per diluted share, compared to $3.19 billion or $1.21 per diluted share in the second quarter of...
Minn. groups sue AIG for $100 million in damages for fraud, violations
Aug 6 2007 // The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compen-sation Insurers Association (MWCIA) filed suit on July 17, 2007, against American International Group Inc....
News Currents
Aug 6 2007 // Minn. groups sue AIG for $100 million in damages for fraud, violations The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compensation Insurers Association (MWCIA)...
Business Moves
Aug 6 2007 // Synercon Insurance Holdings In Nashville, Tenn., two insurance industry veterans have formed Synercon Insurance Holdings, a venture that will acquire and link leading independent insurance agencies. David D. Haynes,...
News Currents
Aug 6 2007 // Minn. groups sue AIG for $100 million in damages for fraud, violations The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compen-sation Insurers Association (MWCIA)...
AIG, Liberty Mutual Given Go-Ahead for Wholly-Owned Subsidiaries in China
Jul 25 2007 // American International Group, Inc. and Liberty Mutual Group have each been been granted approval by the China Insurance Regulatory Commission (CIRC) to establish a wholly owned subsidiary in China. AIG said that its...
News Currents
Jul 23 2007 // Oregon fines nine AIG companies $5 million The Oregon Department of Consumer and Business Services (DCBS) has imposed a $5 million fine on nine insurers in the American International Group (AIG) for numerous violations of...
Minn. Groups Sue AIG for $100 Million in Damages for Fraud, RICO Violations
Jul 19 2007 // The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compensation Insurers Association (MWCIA) filed suit Tuesday (July 17) against American International Group Inc....
Oregon Fines Nine AIG Companies $5 Million
Jul 6 2007 // The Oregon Department of Consumer and Business Services (DCBS) has imposed a $5 million fine on nine insurers in the American International Group (AIG) for numerous violations of Oregon insurance and workers’...
Greenberg Suit Takes Aim at AIG for ‘Hundreds of Millions’ Earned from Starr
Jun 27 2007 // The legal battle between American International Group and Maurice “Hank” Greenberg, AIG’s former chairman and chief executive officer who now heads C.V Starr & Co., Inc., has heated up with the...
AIG Among Winners in Blackstone Group’s Giant IPO
Jun 25 2007 // Blackstone Group LP’s shares jumped more than 13 percent last Friday on the New York Stock Exchange, after the buyout powerhouse raised $4.1 billion in its initial public offering. The highly-anticipated IPO, which...
Judge Blocks Greenberg Move to Add AIG Execs to Lawsuit Over C.V. Starr
Jun 15 2007 // A judge this week denied a defense motion to add more current and former American International Group Inc. officials to a lawsuit challenging payments that the insurance giant made to an outside firm headed by former AIG...
Best Affirms AIG’s ‘Superior’ Ratings
Jun 14 2007 // A.M. Best Co. has affirmed the financial strength ratings of American International Group Inc. and a number of companies that are part of AIG, as follows: — AIG’s life and retirement services subsidiaries...
AIG to Record $50 Million Charge in Mortgage Fee Settlement
Jun 11 2007 // American International Group Inc. has settled with a federal banking regulator allegations that it charged homeowners excessive mortgage fees and didn’t properly consider their credit ratings. AIG, an insurance giant...
Greenberg: no good has come from Spitzer
Jun 4 2007 // C.V. Starr & Co. Chairman Maurice “Hank” Greenberg, former head of American International Group and a target of former New York Attorney General Eliot Spitzer’s investigations, believes...
Business Moves
Jun 4 2007 // Travelers Aviation Travelers has launched Travelers Aviation, a new unit targeting corporate and business aircraft, small to mid-size airports, aviation ground services and manufactured non-critical products used as...
AIG Capital Invests in Sindicatum Carbon Capital
Jun 1 2007 // AIG Capital Partners, Inc. (AIGCP), a member company of AIG Global Investment Group (AIGGIG) has reached an agreement to become a significant investor in London-based Sindicatum Carbon Capital Ltd. (SCC). The Company is a...
Ratings Recaps: American Modern; Hallmark Group; Erie; AIG (Notes); Selective; Donegal
Jun 1 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-” of American Modern Insurance Group and its P/C members. Best also...
