Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
KOKEN SAYS STATES WATCHING AIG:
May 23 2005 // Responding to the announcement from American International Group that it was restating its financial statements for the years 2000 to present, and that the filing of its 2004 annual report would again be delayed,...
GREENBERG TARGET OF STOCK INQUIRY:
May 23 2005 // The former CEO of American International Group Inc. is once again making headlines. According to the New York Times, federal prosecutors are looking into whether Maurice Greenberg reportedly was in charge of an effort to...
The Nitty Gritty of Blue Collar Programs
May 23 2005 // Program Managers Working for the Working Class For some program administrators, blue is the color of money. While other insurance programs target lawyers, insurance agents and various white-collar occupations, some of the...
News Briefs
May 23 2005 // MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...
News Briefs
May 23 2005 // MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...
Fla. Insurance Commission Subpoenas 17 Reinsurers
May 23 2005 // Investigative subpoenas have been issued by Florida Insurance Commissioner Kevin McCarty probing the dealings of 17 reinsurers selling finite risk policies. The companies on the receiving end of the subpoenas, including...
New Markets
May 23 2005 // Staffing Firms Nuts & Bolts: Victor O. Schinnerer and Company launched SpecialtyOne, an errors and omissions insurance program for management consultants and staffing firms. Target risks for the program include a...
Jury, Spitzer Probing Possible AIG Criminal Indictments
May 20 2005 // A Reuters report on Friday stated that a New York grand jury is investigating potential criminal conduct by individuals at insurance company American International Group Inc. (AIG). According to the report, New York...
Fla. Seeks ‘Answers’: AIG Entities Ordered to Provide Detailed Information
May 19 2005 // The Florida Office of Insurance Regulation has joined the ever-increasing tide of regulatory bodies seeking answers from American International Group Inc. AIG operates 43 licensed insurance entities in the State of...
AIG Lowers N.J. Auto Rates
May 19 2005 // AIG Auto Insurance said it will lower auto insurance costs for more than 55,000 policyholders in New Jersey. Beginning June 30, 2005, AIG Auto Insurance will implement a 4 percent rate decrease, which will lower auto...
Mass. Approves 3% Workers’ Comp Rate Reduction
May 19 2005 // Massachusetts Insurance Commissioner Julianne Bowler has approved a 3.0 percent overall average rate reduction in workers’ compensation rates, a savings of $32.6 million in premiums paid by employers. The new rates...
General Re, Faraday Execs Placed on Leave Over Reinsurance Probe
May 17 2005 // Two insurance employees will be placed on paid leave as federal officials conduct probes into insurance practices, billionaire investor Warren Buffett’s Berkshire Hathaway Inc. said. In a filing last Friday with the...
AIG FACES AUDIT OVER COMP:
May 9 2005 // The state insurance department is appointing a consultant to audit years of alleged improper booking of workers’ compensation premiums at American International Group. New York Attorney General Eliot Spitzer and...
AG PETRO GETS IN ON AIG LAWSUIT
May 9 2005 // Ohio Attorney General Jim Petro is expanding the scope of the securities fraud class action lawsuit currently pending against American International Group and others by filing an amended complaint in federal court in New...
AIG Domestic Brokerage Group Unveils Specialized Practice for Financial Institution Risks
May 9 2005 // The Domestic Brokerage Group of American International Group Inc. (AIG) announced the formation of the AIG Financial Institutions Practice, a new organization dedicated to serving the insurance and risk management needs of...
Finite Reinsurance Probes Appear Infinite
May 9 2005 // Investigators’ interest in finite reinsurance transactions goes well beyond the five-year old agreement between American International Group and Berkshire Hathaway’s General Re that has been targeted by New...
NAIC Chief Koken of Pa. Says States are Watching AIG Closely
May 5 2005 // Responding to the announcement from American International Group that it was restating its financial statements for the years 2000 to present, and that the filing of its 2004 annual report would again be delayed,...
Best Downgrades Issuer Credit Ratings of Transatlantic; Ratings Placed Under Review with Negative Implications
May 5 2005 // A.M. Best Co. has downgraded the issuer credit ratings to “aa-” from “aa” of Transatlantic Reinsurance Company, Putnam Reinsurance Company (both of New York, N.Y.) and Trans Re Zurich (Zurich,...
A.M. Best Downgrades Ratings for AIG Subs; Ratings Stay Under Review
May 5 2005 // A.M. Best Co. has downgraded the Financial Strength Ratings (FSR) of most of American International Group Inc.’s (AIG) (New York) wholly-owned insurance subsidiaries to A+ (Superior) from A++ (Superior). This action...
AIG Private Client Group Rolls Out Auto Insurance for High Net Worth Individuals in Texas
May 4 2005 // AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group Inc. (AIG), has launched its enhanced AIG Private Client Group Auto Program in...
