Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
S&P Assigns Ratings to AIG’s $25.1 Billion Debt Issue
Dec 13 2004 // Standard & Poor’s Ratings Services announced that it has assigned its “AAA” preliminary senior debt rating, “AA+” preliminary subordinated debt rating, and “AA” preliminary...
AIG Environmental Enhances Its Environmental and General Liability Exposures (EAGLE) Program
Dec 8 2004 // AIG Environmental, a division of the property/casualty insurance subsidiaries of American International Group Inc. (AIG), has announced the enhancement of its Environmental and General Liability Exposures (EAGLE) Program....
L.A. Business Owner Sentenced for Comp Fraud
Dec 6 2004 // A Los Angeles business owner was sentenced to pay $1.8 million in restitution and fines this week after a three-year joint investigation involving the California Department of Insurance found he had underreported wages at...
AIG’s Greenberg Predicts ‘Leaner, More Responsive’ Insurance Brokers in Wake of Investigations
Dec 2 2004 // The chairman and chief executive officer if AIG said he thinks the ongoing broker investigations will cost large insurance brokers some of their top people and eventually make brokers leaner and more responsive to...
AIG Program’s Jordan: Learning from Program Failures
Nov 30 2004 // AIG Programs Division has more successful programs today than years ago, thanks in great measure to the lessons the company has learned from programs that failed. “It’s critical to know what’s...
AIG Specialty WC Expands Web site Capabilities
Nov 29 2004 // AIG Specialty Workers’ Compensation, a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG), announced the expansion of its “Partners in Productivity”...
AIG Forks Up $126 Million to SEC on PNC Deals
Nov 24 2004 // New York-based commercial insurer American International Group Inc. announced that it has agreed to pay an $80 million penalty and appoint an independent monitor in a settlement with the Securities and Exchange Commission...
AIG Private Client Group Unveils Flood Coverage for Homeowner Policies in Several States
Nov 15 2004 // AIG Private Client Group, a division of the property and casualty insurance subsidiaries of American International Group Inc. (AIG), announced the beginning of a national roll-out that adds flood coverage to eligible...
AIG Subs to Purchase R&SA’s Japanese Business
Nov 12 2004 // American International Group, Inc. announced that its subsidiaries American Home Assurance Company and AIU Insurance Company will purchase the insurance portfolio of the Royal & SunAlliance (RSA) branch operations in...
Agents Watching Spitzer Broker Fraud Charges Closely
Nov 8 2004 // New York Attorney General Eliot Spitzer’s filing on Oct. 14 of charges against giant insurance broker Marsh for alleged commercial account steering and bid rigging has already had significant impact on Marsh and is...
Agents Watching Spitzer Broker Fraud Charges Closely
Nov 8 2004 // New York Attorney General Eliot Spitzer’s filing on Oct. 14 of charges against giant insurance broker Marsh for alleged commercial account steering and bid rigging has already had significant impact on Marsh and is...
AIG’s Terrorism Protection Portfolio Includes Biological and Chemical Attack Coverage
Nov 5 2004 // The AIG Companies have launched LexHomeland Protector, a comprehensive terrorism insurance portfolio designed to help protect businesses against terrorism risks, including losses arising from biological and chemical...
S&P to Hold Telephone Conference Today on AIG, ACE
Nov 1 2004 // Standard & Poor’s Ratings Services announced that it will hold a telephone conference call on Monday, Nov. 1, 2004, at 1 p.m. U.S. Eastern Time. The bulletin said Donovan Fraser, John Iten, Mark Puccia, Tom...
S&P Announcement on AIG Ratings; Outlook Negative
Nov 1 2004 // Standard & Poor’s Ratings Services has republished an earlier article, issued last Friday, October 29, concerning the revision of its outlook on the American International Group from stable to negative. S&P...
AIG Private Client Creates Loss Prevention Unit
Oct 27 2004 // AIG Private Client Group, a division of the property and casualty insurance subsidiaries of American International Group, announced the creation of a Department of Loss Prevention to minimize high net worth...
AIG Seeking Resolution of SEC, DJ Investigations
Oct 26 2004 // In a brief announcement American International Group said it intends “to seek a prompt resolution of outstanding issues with the Securities and Exchange Commission [See IJ Website Oct. 5 for details] and the United...
AIG Launches Equipment Finance, Leasing Company
Oct 26 2004 // American International Group, Inc. announced the formation and launch of AIG Commercial Equipment Finance, Inc. (AIG CEF), a new equipment finance and leasing company headquartered in Plano, Texas. “AIG CEF, a member...
Japan: Powerful, Beleaguered and Consolidating
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
Agents Watching Spitzer Broker Fraud Charges Closely
Oct 25 2004 // Some worry the probe could move beyond public brokers and large commercial risks. New York Attorney General Eliot Spitzer’s filing on Oct. 14 of charges against giant insurance broker Marsh for alleged commercial...
N.Y. Attorney General Spitzer Sues Marsh Over Contingent Commissions
Oct 25 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...
