Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
New Markets
Apr 3 2006 // New Markets Management, Professional Liability Nuts & Bolts: National Union Fire Insurance Co. of Pittsburgh, a member company of American International Group Inc., has released AIG ePro, a Web-based system allowing...
AIG’s Lexington Planning on Repeat of 2004, Not 2005
Mar 29 2006 // Mindful of the increased hurricane activity and rising coastal values, Lexington Insurance Group, the largest U.S.-based surplus insurance company, said it is assuming this year will look more like 2004 than 2005 as it...
AIG Global Energy New Appointments
Mar 23 2006 // AIG Global Energy, a division of the property and casualty insurance subsidiaries of American International Group, Inc., announced that it has named Thomas Morelli President of the AIG Global Energy Casualty division and...
AIG Acquires Travel Guard
Mar 20 2006 // American International Group Inc. (AIG) announced that a wholly-owned subsidiary company is acquiring Travel Guard International, a national provider of travel insurance programs and emergency travel assistance, from the...
People and Places
Mar 20 2006 // Lloyd’s of London has selected an insurance outsider, Richard Ward, former head of the London-based International Petroleum Exchange, as its new chief executive officer. He spent six years as CEO of IPE, which has...
AIG settles with Michigan for more than $5.2 million
Mar 20 2006 // Attorney General Mike Cox reported that American International Group Inc. and its subsidiaries (AIG) have paid more than $5.2 million to the state of Michigan, representing the underpayment, with interest, of...
AIG Issues 2005 Annual Report; Net Income for Year was $10.48B
Mar 16 2006 // American International Group Inc. (AIG) has filed its Annual Report on Form 10-K for the year ended Dec. 31, 2005 with the Securities and Exchange Commission. Net income for the full year 2005 was $10.48 billion or $3.99...
Kansas Collects $410,598 in Taxes from American International Group Inc.
Mar 9 2006 // Kansas Insurance Commissioner Sandy Praeger in a written statement said that Kansas is the recipient of back taxes and interest in the amount of $410,598 from one of the largest insurance groups in the United States,...
Wethington Named Chairman of AIG Companies in China
Mar 7 2006 // American International Group Inc. (AIG) reported that Olin Wethington, former special envoy on China, U.S. Department of the Treasury, has joined AIG as chairman of AIG Companies in China, a new position. In this capacity,...
AIG severs ties with C.V. Starr; expands global energy unit, forms new unit
Mar 6 2006 // American International Group Inc. announced that its AIG Companies terminated the agency relationship with Starr Technical Risks Agency Inc. and its subsidiaries (Starr Tech), insurance agencies owned by C.V. Starr &...
Former Gen Re, AIG execs plead not guilty to reinsurance fraud charges
Mar 6 2006 // As a federal probe into the insurance industry widens, four former top executives of giants General Re and American International Group are pleading not guilty to fraud and conspiracy charges. The Justice Department has...
AIG Settles with Michigan for More than $5.2 Million
Mar 3 2006 // Attorney General Mike Cox reported Friday that American International Group Inc. and its subsidiaries (“AIG”) have paid more than $5.2 million to the State of Michigan, representing the underpayment, with...
Greenberg’s Starr Agency to Offer ACE and Berkshire Hathaway Products
Feb 28 2006 // Expanding its servicing capabilities for new and existing clients, Starr Technical Risks Agency, Inc. announced that it will begin immediately to offer commercial insurance coverages by ACE USA and Berkshire Hathaway...
AIG Auto Insurance Lowers Rates for Policyholders in Nevada
Feb 27 2006 // AIG Auto Insurance has announced it would lower auto insurance costs for thousands of policyholders in Nevada. The company is implementing a 5 percent rate decrease in Nevada, lowering auto insurance costs on thousands of...
AIG Forms Specialty Excess Unit to Handle C.V. Starr, Other Business
Feb 27 2006 // The AIG Companies have formed AIG Specialty Excess, an umbrella and excess casualty underwriting unit that the company says will concentrate on insuring specialty and difficult-to-place classes of business including...
Minn. AG Sues AIG Rather Than Accept Settlement Worth $1.2M
Feb 22 2006 // Minnesota sued insurer American International Group Inc. last week rather than accept a settlement that could have been worth $1.2 million. Attorney General Mike Hatch said he estimates the state could be owed as much as...
AIG to cover workers’ comp errors
Feb 20 2006 // As part of its record $1.6 billion overall settlement with state and federal officials for fraud and improper accounting, American International Group will pay states $343.5 million for underpayment of workers’...
Record $1.6 billion deal ends litigation, creates ‘new path’ for giant AIG
Feb 20 2006 // State and federal regulators on Feb. 9 announced agreements that resolve litigation and investigations of securities fraud, account steering, bid-rigging, improper accounting and under-reporting of workers’...
AIG affirms ban against contingency compensation
Feb 20 2006 // Producers should no longer expect contingent commissions from American International Group, according to the settlement with New York Attorney General Spitzer and what the company says is its own global policy...
AIG’S RECORD SETTLEMENT
Feb 19 2006 // NEW HIRE TRAINING Discover the ‘missing ingredient’ ‘VALUED PROPERTY’ COVERAGE La., Miss. statutes to be tested CLOSER LOOK: Nonprofit insurers LOUISIANA’S ROBERT WOOLEY On hurricanes and the...
