Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Exclusions Persist as Congress Debates Federal Terrorism Backstop Legislation
Sep 2 2002 // Nearly a year after the Sept. 11 terrorist attacks, the issue of federal insurance backstop legislation to protect carriers against future losses stemming from more attacks remains a crucial yet unresolved issue for the...
Speculation Grows on AIG Takeover of Zurich
Sep 2 2002 // Rumors of a possible takeover of Zurich Financial by U.S. insurance juggernaut American International Group (AIG) gained steam as the Swiss concern’s stock rose sharply last week. According to Reuters, speculative...
A Year Later, Industry Takes Stock of Itself
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
Exclusions Persist as Congress Debates Federal Terrorism Backstop Legislation
Sep 2 2002 // Nearly a year after the Sept. 11 terrorist attacks, the issue of federal insurance backstop legislation to protect carriers against future losses stemming from more attacks remains a crucial yet unresolved issue for the...
EPIX Links with AIG to Provide Workers’ Compensation Coverage
Aug 29 2002 // EPIX Holdings Corporation, a privately held Professional Employer Organizations (PEO) headquartered in Tampa, Fla., annouced it has established a relationship with American International Group Inc. (AIG) to provide...
AIG to Treat Stock Options as Expense
Aug 13 2002 // American International Group Inc said it will begin treating stock options as an expense from the beginning of 2003. Chief Executive Maurice Greenberg had said last month when the company announced second-quarter results...
AIU Makes Appointments to Divisions
Aug 12 2002 // American International Underwriters (AIU), the international property-casualty insurance organization of American International Group, Inc. (AIG), has named Julio Portalatin president of its Accident & Health Division...
AIG Subsidiary Signs Letter of Intent to Combine Operations of Excess Inc.
Aug 8 2002 // American International Group, Inc. (AIG) announced that its subsidiary Risk Specialists Companies, Inc. has signed a letter of intent to combine the operations of Excess, Inc. with Medical Excess Insurance Services...
AIG Says P/C Rates Likely to Continue Rising
Jul 26 2002 // AIG chairman M.R. Greenberg says that property and casualty rates are likely to continue their upward climb in 2003. Greenberg reported in a conference call with analysts that insurers are rebuilding their capital base,...
AIG Sells $519M Premium ABS
Jul 25 2002 // American International Group Inc. recently offered about $519 million in asset- backed securities, supported by insurance premiums from its commercial policyholders, market sources said. Salomon Smith Barney headed the...
CDI Serves Cease & Desist Order on Harbour Insurance
Jun 28 2002 // The California Department of Insurance (CDI) has served a cease and desist order to Clarence Joseph Hall a/k/a Joseph Hall a/k/a Joe Hall of Harbour Special Events, Harbour Entertainment & Sports, Harbour Sports...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
AIG Expands DO Coverage to Include Business Travel
Jun 21 2002 // American International Group announced that a number of its operating companies have enhanced their Directors, Officers and Corporate Liability insurance coverage to include Business Travel Accident Insurance and Travel...
China May Limit AIG’s Subsidiary Ownership
Jun 13 2002 // According to several news reports, an official of the China Insurance Regulatory Commission (CIRC) told reporters at a news conference on June 11 that American International Group wouldn’t receive any more licenses...
$2.7 Billion PPG Asbestos Settlement Puts New Pressure on Insurers
Jun 10 2002 // A year ago insurance consultants Tillinghast-Towers Perrin published a report that global claims settlements and jury verdicts in asbestos related cases could reach $200 billion from over a million claims “before...
AIG Sees 20-25% Growth in China
Jun 7 2002 // American International Group’s CEO, Maurice “Hank” Greenberg, speaking at a news conference in the Chinese capital, Beijing, indicated that the company expects to see revenues from insurance premiums in...
AIG’s American International Companies Retain Clayton Consulting
Jun 6 2002 // American International Group Inc’s. (AIG’s) American International Companies have retained Clayton Consulting to provide crisis response services to its commercial insureds. Formed by Thomas A. Clayton, a...
NAIC, Chinese Regulators to Cooperate as Insurance Ties with China Expand
May 24 2002 // Recent moves have confirmed the reality of the expanding Chinese insurance market. They include an agreement between U.S. and Chinese regulators to share information; an announcement that AIG has been granted a first ever...
Cicada Risk to Provide Outsourcing Services to AIG
May 23 2002 // The Cicada Companies announced an agreement between a subsidiary, Cicada Risk Inc., and American International Group “for the integration, cleansing and feeding of multi-sourced financial data to AIG’s global...
