Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
New Markets
Nov 20 2005 // Motor Carriers Nuts & Bolts: Lexington Insurance Company, a member company of American International Group Inc., introduced Lex TransportPlus, a new product suite encompassing two policies: Motor Truck Cargo and...
News Briefs
Nov 20 2005 // Q3 Insured Losses an All-Time Record: Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8 billion to homeowners and...
AIG Sees Q3 Net of $1.72 Billion
Nov 14 2005 // American International Group Inc. (AIG) has filed its Quarterly Report on Form 10-Q for the period ended Sept. 30, 2005 with the Securities and Exchange Commission. Third quarter 2005 net income was $1.72 billion or $0.65...
Fitch: AIG Remains on Rating Watch
Nov 10 2005 // Fitch Ratings called the recent announcement by American International Group, Inc. (AIG) of additional restatements of previously-issued financial statements “a modest negative development.” Fitch said...
AIG Delays Q3 Filing, Plans Restatements Back to 2002
Nov 9 2005 // American International Group, Inc. (AIG) said it will delay the filing of its Form 10-Q for the third quarter until Nov. 14. The company said that the five day extension would allow it time to incorporate into its third...
AIG Names Keogh Sr. VP, Mitrovic Vice President Claims
Nov 2 2005 // American International Group Inc. (AIG) has announced that its Board of Directors has elected John Keogh senior vice president, Domestic General Insurance and Michael Mitrovic vice president, Claims. Keogh will continue to...
AIG Adopts Additional Corporate Governance Measures
Oct 20 2005 // American International Group, Inc. announced that its board of directors has adopted two additional corporate governance guidelines. The board adopted a Majority Voting Guideline requiring that director nominees in...
AIG Risk Management Unveils New Program for Temp Staffing Industry
Oct 19 2005 // AIG Risk Management (AIGRM), a member of American International Group, Inc. (AIG), has launched a new suite of insurance coverages and risk management services designed to meet the unique needs of the temporary staffing...
Starr Claims It’s Independent from AIG
Oct 17 2005 // Starr International Co., a company headed by former American International Group CEO Maurice Greenberg, is disputing claims that it is affiliated with AIG and therefore should return the 12 percent or $19 billion of AIG...
News Briefs
Oct 17 2005 // Katrina Churns in $34.4B in Losses: Hurricane Katrina is expected to cost U.S. property/casualty insurers an estimated $34.4 billion in insured property losses, making it the costliest U.S. catastrophe ever, according to...
AIG Aids South Asia Quake Victims
Oct 13 2005 // American International Group Inc. (AIG) is donating $1 million to support relief efforts in the areas affected by the Oct. 8 earthquake in South Asia. In addition, AIG is encouraging its employees to help the earthquake...
Class Action Suit Filed Against AIG Over Katrina Claims
Oct 10 2005 // Americans for Insurance Reform (AIR), a New York City-based national coalition of public interest organizations, announced that a New Orleans resident has filed a class action suit against American International Group...
AIG Excess Casualty to Offer Coverage for Risks Insured with Insolvent Carriers
Oct 10 2005 // AIG Excess Casualty, a division of American Home Assurance Company, a member company of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage for risks previously...
Gen Re Ex-CEO May Face SEC Suit
Oct 7 2005 // Berkshire Hathaway Inc. announced on Friday that Ronald E. Ferguson, the former chief executive officer of General Re Corporation, received a “Wells notice” from the staff of the Securities and Exchange...
AIG Investment Manager, Two Others Charged in Foreign Bribery Scheme
Oct 6 2005 // A managing director at an American International Group investment unit and two other investment advisors have been indicted for their part in an alleged bribery scheme in Azerbaijan. AIG, which says it was defrauded by the...
AIG Seeks $18 Billion in Stock from Greenberg’s Starr International
Oct 2 2005 // American International Group Inc. has asked a court to force a company led by its former chief executive, Maurice R. Greenberg, to relinquish nearly $18 billion in stock set up to benefit AIG executives. AIG, the...
AIG: Q3 CAT Losses Expected to be About $1.1B After-Tax
Sep 20 2005 // American International Group Inc. has issued an initial estimate of its total expected losses relating to third quarter catastrophe events, principally Hurricane Katrina, totaling approximately $1.1 billion after-tax. AIG...
AIG Programs Names The Distinguished Programs Group to Oversee Property Owners Program
Sep 7 2005 // AIG Programs, a division of Lexington Insurance Company, a member company of American International Group Inc. (AIG), has appointed The Distinguished Programs Group as program administrator for Distinguished...
Allied World Announces Three Management Changes
Aug 25 2005 // Allied World Assurance Company, Ltd. [AWAC] has announced the following management changes: — Daniel Brandon has been promoted to the position of senior vice president, Professional-Specialty Lines Treaty...
AIG Auto Insurance: Guys Prefer Their Wives, Significant Other with Them in the Passenger Seat
Aug 23 2005 // Move over Paris Hilton! According to a recent survey by AIG Auto Insurance, two-thirds (66 percent) of American men choose to be stuck in traffic with their wife/significant other this Labor Day weekend. Additionally, 44...
