Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG, Greenberg Battle Over Starr MGA Accounts
Jan 31 2006 // New York State Supreme Court Justice Herman Cahn has granted American International Group Inc. a temporary restraining order against a managing general agency owned by C.V. Starr & Co., the insurance company being run...
AIG Names Martin Chief Operating Officer of Worldwide Life Business
Jan 29 2006 // American International Group, Inc. has named Rodney O. Martin, Jr. as chief operating officer of its worldwide life insurance business. Martin will remain chairman, president and chief executive officer of AIG American...
AIG’s National Union Fire Insurance Co. of Pittsburgh Unveils AIG ePro
Jan 26 2006 // National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), a member company of American International Group Inc. (AIG), reported the release of AIG ePro, a Web-based system allowing brokers to quote and...
Fla. Office of Insurance Issues Consent Order Against 10 AIG Companies
Jan 23 2006 // The Florida Office of Insurance Regulation has issued a Consent Order requiring 10 AIG Companies to transmit financial data required by statute, to pay administrative fines and costs of more than half a million dollars and...
AIG Appoints New Executives in Private Client Group, Domestic General Units
Jan 23 2006 // American International Group, Inc. has appointed Charles Williamson as president of the AIG Private Client Group, which serves the insurance and risk management needs of high net worth individuals. He succeeds Ross...
N.Y. Officials Said to Approve Multi-Year Reinsurance Contracts
Jan 23 2006 // New York officials have reportedly reassured the insurance community that, despite concerns over some alleged abuses of finite reinsurance, the use of certain multi-year reinsurance contracts that might be classified as...
Excess Liability Coverage
Jan 23 2006 // Nuts & Bolts: AIG Excess Casualty, a division of American Home Assurance Company, part of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage for risks...
New Markets
Jan 22 2006 // New Markets Identity Recovery Coverage – Personal Lines Nuts & Bolts: Merchants Insurance Group introduced a newly expanded Identity Recovery Coverage program for homeowners’ policyholders. The new...
New Markets
Jan 22 2006 // New Markets Nuts & Bolts: AIG Excess Casualty, a division of American Home Assurance Company, part of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage...
Florida Office of Insurance Regulation Issues AIG Companies Consent Order
Jan 19 2006 // The Florida Office of Insurance Regulation has issued a consent order requiring 10 American International Group companies to transmit financial data required by statute, to pay administrative fines and costs of more than...
AIG Executive Kanak Resigns
Jan 18 2006 // American International Group, Inc. (AIG) has announced that Donald P. Kanak, executive vice chairman and chief operating officer, has resigned from the company, effective January 31, for personal reasons. Kanak has also...
Estee Lauder’s Langhammer, Citigroup’s Willumstad Join AIG Board
Jan 18 2006 // The board of directors of American International Group, Inc. has elected Fred H. Langhammer and Robert B. Willumstad as directors. Langhammer served was chief executive officer of The Estée Lauder Companies Inc. from 1999...
Vietnam Licenses AIG Sub
Dec 21 2005 // Confirming the commitment made last June (See IJ Website June 24) the Vietnamese government has formally issued a license to American International Underwriters Overseas Ltd., a subsidiary of AIG, to conduct general...
N.Y. AG Spitzer Claims Greenberg Shorted Charity 35 Years Ago
Dec 16 2005 // New York Attorney General Eliot Spitzer this week accused embattled insurance executive Maurice R. “Hank” Greenberg of participating in a series of financial transactions 35 years ago that cost the charitable...
Litzky Chosen as Vice President for AIG Corporate Governance
Dec 14 2005 // American International Group Inc. has named Eric N. Litzky as vice president for corporate governance. He has also been named special counsel and secretary to the Board of Directors. Litzky will report directly to the AIG...
People & Places
Dec 5 2005 // Ken North Frost Insurance reported that Ken North joined its Fort Worth, Texas, office as president of the company’s Dallas region. North has 30 years of experience in the insurance industry. Ann Wilson Frost...
ASI, Zurich, AIG
Dec 4 2005 // ust like Arnold Schwarzenegger, today’s strongest and most successful insurance programs started out as scrawny and klutzy kids. Hard work along with nurturing from wise and patient carriers helped them build muscle...
Former Calif. Broker Charged with Selling Fake Policies
Nov 29 2005 // Calif. Insurance Commissioner John Garamendi has announced that a former Los Angeles insurance broker has been arrested and charged with 63 felony counts related to the sale of thousands of fake insurance policies...
More Civil Claims ‘Possible’ Against AIG’s Former Boss, But No Criminal Charges Expected
Nov 28 2005 // Additional civil charges against former American International Group Inc. Chairman and CEO Maurice “Hank” Greenberg are possible, but no state criminal charges are expected, a spokesman for New York Attorney...
National Newsbriefs
Nov 21 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...
