Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Declarations – Southeast
Jun 18 2012 // Saving Face “Our expectation is that every firm will receive some measure of cash and that every firm will receive their full accommodation by year end if current trading patterns persist.” —Nasdaq’s...
States Collecting on $146M AIG Workers’ Comp Settlement
Jun 18 2012 // State regulators around the county are finally collecting their share of a multimillion dollar settlement reached with American International Group (AIG) in 2010 based on the company’s misreporting of workers’...
AIG’s Benmosche: Chartis May Readopt AIG Brand
Jun 18 2012 // Here is another sign that American International Group executives may be feeling bullish about the company’s future prospects — CEO Robert Benmosche said this month that Chartis may readopt the AIG brand name in...
Maryland Collects $2M Fine From AIG Workers’ Comp Dispute Settlement
Jun 15 2012 // The Maryland Insurance Administration said Thursday that regulators collected $2,022,805 in penalties from American International Group as part of a multi-state settlement.Insurance Commissioner Therese Goldsmith said that...
Last Loans Used to Buy AIG, Bear Stearns Assets Repaid: Fed Reserve
Jun 15 2012 // The Federal Reserve Bank of New York said on Thursday the last of its loans made to acquire risky assets from AIG and Bear Stearns during the financial crisis have been paid off with interest. The Fed bank acquired the...
Mississippi to Receive Nearly $1M in AIG Settlement
Jun 9 2012 // Mississippi’s insurance commissioner says the state will receive nearly $1 million as part of a national settlement over American International Group’s financial reporting for worker’s compensation...
AIG to Pay $15.6 M to Calif. for Underreporting Workers’ Comp Payments
Jun 8 2012 // American International Group Inc. will pay California $15.6 million in penalties to settle allegations that its insurance companies underreported workers’ compensation premiums over several decades. The sum is part...
AIG’s Benmosche Says Chartis May Readopt AIG Brand as Insurer Rebounds
Jun 8 2012 // Here is another sign that American International Group executives may be feeling bullish about the company’s future prospects — CEO Robert Benmosche said this week that Chartis may readopt the AIG brand name in...
AIG’s Chartis Launches Hospitality and Leisure Industry Practice Group
Jun 5 2012 // AIG’s property/casualty division Chartis announced the launch of its hospitality and leisure industry practice group, which will provide specialized insurance and risk management products for the hotel, amusement,...
States Collecting on $146 Million AIG Workers’ Comp Settlement
Jun 5 2012 // State regulators around the county are finally collecting their share of a multimillion dollar settlement reached with American International Group (AIG) in 2010 based on the company’s misreporting of workers’...
AIG to Pay Penn. $16.8M to Settle Probe Over WC Premium Reporting
Jun 1 2012 // Pennsylvania Insurance Commissioner Michael Consedine announced Thursday that American International Group and its workers comp insurance units will pay Pennsylvania more than $16.8 million in fines and assessments. The...
Ex-General Re, AIG Execs May Settle Criminal Case
May 29 2012 // Four former executives at Berkshire Hathaway Inc.’s General Re Corp. and one at American International Group Inc. are in talks to settle a long-running criminal case accusing them of engineering a reinsurance...
Q1 Earnings: AIG, Liberty Mutual Profits Soar
May 21 2012 // AIG Profit More Than Doubles American International Group Inc. reported $3.21 billion net income for its 2012 first quarter, a 147 percent increase from $1.30 billion net income posted during the same period one year...
U.S. Treasury Could See $15 Billion Profit from AIG Bailout: GAO
May 21 2012 // U.S. taxpayers could see a profit from the 2008 bailout of American International Group Inc. (AIG), according to a Congressional report. “When all the assistance is considered, the amount the federal government...
Judge: New York AG Must Decide on Revealing Spitzer’s Emails on AIG
May 17 2012 // New York’s Attorney General must review his predecessor’s private emails relating to a probe of American International Group Inc. and decide whether to release them to the public, a state judge has ruled. The...
AIG Shares Fall Below Government Breakeven Price
May 17 2012 // Shares in bailed-out insurer American International Group dipped below the government’s breakeven price on its 61 percent stake in the company, just days after the U.S. Treasury completed another offering of its...
HP Loses Battle with IRS Over Tax Shelter Designed by AIG
May 15 2012 // Hewlett-Packard Co. on Monday lost a battle with the U.S. Internal Revenue Service for more than $190 million in tax refunds tied to a Dutch tax shelter designed by the derivatives arm of American International Group. The...
AIG Ex-CEO Greenberg Fights Ruling on Reinsurance Fraud Charges
May 15 2012 // Former American International Group Inc. Chief Executive Maurice “Hank” Greenberg said New York’s attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect...
AIG Board Director Layton to Resign, Will Take CEO Role at Freddie Mac
May 11 2012 // American International Group Inc. said that board director Donald Layton has submitted his resignation from the board, due to his appointment as chief executive officer of Freddie Mac. The resignation is effective next...
Goldman Sachs Upgrades AIG Stock to ‘Buy,’ Sees Progress at Chartis
May 10 2012 // The Goldman Sachs Group, a global investment banking and securities firm, is bullish on American International Group Inc. In a new equity research report released Wednesday, Goldman Sachs upgraded the AIG stock to...
