Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Target of Federal Grand Jury Investigation
Oct 21 2004 // American International Group Inc. (AIG) announced on Thursday it has been informed by the United States Attorney for the Southern District of Indiana that it is a target of a federal grand jury investigation. According to...
AIG Unveils Q3 Numbers, Notes Storm Impact
Oct 21 2004 // American International Group Inc. (AIG) on Thursday reported third quarter 2004 net income of $2.51 billion or $0.95 per share, compared to $2.34 billion or $0.89 per share in the third quarter of 2003. Third quarter 2004...
‘No Immediate Rating Actions’ on AIG, ACE, Hartford, Says S&P
Oct 19 2004 // Standard & Poor’s Ratings Services said on Friday that it is taking “no immediate rating actions” on the three companies – American International Group Inc. (AAA/Stable/A-1+), ACE Ltd....
Impact of Spitzer Broker Fraud Charges Felt at Marsh and Beyond
Oct 18 2004 // New York Attorney General Eliot Spitzer’s filing last Thursday of charges against giant insurance broker Marsh for alleged commercial account steering and bid rigging has already had significant impact on Marsh and...
AIG’s Greenberg Expects More Transparency, Not Material Impact from Brokerage Charges
Oct 15 2004 // AIG Chairman Maurice Greenberg today said he does not think the charges brought by New York Attorney General Eliot Spitzer against giant insurance broker Marsh McLennan will hurt his company’s business but that they...
AIG Reports on Hurricane, Typhoon Losses; $500-$515 Million After Tax Net Losses Expected
Oct 14 2004 // American International Group Inc. (AIG) has issued an estimate of its total expected losses relating to Hurricanes Charley, Frances, Ivan and Jeanne, and Typhoons number 16 (Chaba), 18 (Songda) and 21 (Meari) in Japan. AIG...
New York AG Sues Marsh Over Contingent Commissions, Cites Insurers Over Alleged Bid-Rigging
Oct 14 2004 // New York Attorney General Eliot Spitzer on Oct. 14 sued Marsh & McLennan Companies, the nation’s biggest insurance brokerage firm, alleging that it steered clients to insurers with whom it had lucrative...
AIG’s Greenberg: Industry Faces Trouble with Congress on TRIA; Some Pursue ‘Graveyard’ Strategy
Oct 12 2004 // The insurance industry has difficulty convincing Congress about the significance of its business and some of its own leaders about the pitfalls of overly-aggressive price competition, according to one of the world’s...
AIG Excess Casualty Introduces New Broker Initiative for Commercial Umbrella Producers
Oct 7 2004 // AIG Excess Casualty(R), a division of the property and casualty insurance subsidiaries of American International Group, Inc., announced the launch of AIG ExcessAdvantage, described as “a new program designed to...
SEC Alleges AIG Press Releases on PNC Affair Could Violate Securities Laws
Oct 5 2004 // The Securities and Exchange Commission has warned American International Group that it is considering recommending that a civil action be brought against AIG alleging violations of the federal securities laws with respect...
Mass. Indicts ‘Big Dig’ Workers for Comp Fraud
Oct 4 2004 // Four men, including three “Big Dig” workers, were indicted last week in Massachusetts in unrelated cases for allegedly receiving workers compensation payments totaling more than $300,000 while holding down...
AIG Domestic Claims New IntelliRisk NetSource-R- 6.0
Sep 28 2004 // The Primary Claims division of AIG Domestic Claims, a division of the AIG Companies, has announced the launch of IntelliRisk NetSource(R) 6.0, an enhanced version of the leading web-based claims analysis and inquiry...
AIG Served with SEC Civil Action Notice Regarding Possible Violations of Federal Securities Laws
Sep 22 2004 // American International Group, Inc. announced that AIG and its subsidiary AIG Financial Products Corp. (AIGFP) have received a “Wells Notice” from the Staff of the Securities and Exchange Commission (SEC). The...
Starr Foundation to Donate $1 Million to Hurricane Charley Relief Efforts
Aug 24 2004 // An announcement from American International Group notes that the Starr Foundation will donate $1 million to the Hurricane Charley relief effort. “The donation, which will be managed by the Volunteer Florida...
AIG Offers Corporate Flight Workers’ Comp Coverage
Aug 24 2004 // AIG Aviation Inc., a member company of American International Group Inc. (AIG), announced that it is now offering Specialty Workers’ Compensation coverage to meet the growing need of employers who place separate...
AIG Estimates Charley Losses at $80 to $100 Million
Aug 20 2004 // American International Group, Inc. has issued an initial estimate of its total expected losses from Hurricane Charley, indicating that the total after tax would be in a range of $80 to $100 million. “This total...
Transatlantic Names Apfel Senior VP-Chief Actuary
Aug 12 2004 // Transatlantic Holdings, Inc. announced that Kenneth Apfel has been elected Senior Vice President and Chief Actuary, effective immediately. Commenting on the announcement, Robert F. Orlich, President and CEO, stated:...
Sanborn’s Mexico Insurance adds AIG to e-Commerce site
Aug 10 2004 // Sanborn’s Mexico Auto Insurance, a division of Travco Services Inc, is pleased to announce the addition of AIG Mexico Seguros Interamericana, S.A. de C.V. to their e-commerce solution to sell southbound Mexico...
AIG Unveils Q2 Numbers; Reports Overall Good Quarter
Aug 9 2004 // American International Group Inc. (AIG) reported that its second quarter 2004 net income rose 25.7 percent to a record $2.86 billion or $1.09 per share, compared to $2.28 billion or $0.87 per share in the second quarter of...
Amid Heightened Security, Financial Firms Including Citigroup, AIG, MetLife and Pru Tend to Business
Aug 3 2004 // Police closed several streets in midtown Manhattan and banned trucks from bridges and tunnels leading to the city’s financial district Monday, Aug. 2, following a government warning that terrorists were planning to...
