Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Survey Shows Top Executives’ Concerns with Cyber Risk
Feb 8 2013 // A survey of perceptions about cyber risk sponsored by the American International Group Inc. (AIG) found that among corporate executives, more are concerned about cyber threats than about other major business risks. More...
Trotti to Head AIG’s International Aerospace Unit
Feb 6 2013 // American International Group announced that Joseph J. Trotti has joined the company as President and CEO of its Aerospace division, part of AIG’s Global Specialty business. He takes over responsibility for all...
Treasury Pay Czar Allowed Excessive Pay at Bailed-Out AIG, GM: Inspector General
Jan 28 2013 // The U.S. Treasury Department in 2012 failed to curb executive pay at companies rescued with taxpayer funds, the second straight year that it did not live up to its own rules, an internal watchdog said on Monday. The...
Best Affirms AIG, U.S. Property/Casualty Subs Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
Best Affirms AIG Europe Limited Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of UK-based AIG Europe Limited (AEL), formerly Chartis...
Declarations – East
Jan 28 2013 // AIG Will Not Sue Gov’t “AIG will NOT move forward with Starr lawsuit against government or NY Fed, continues to thank America for support.” —A Jan. 9 tweet sent from AIG’s official Twitter...
Florida Regulators Seek to Distribute $25 Million in AIG Assets
Jan 14 2013 // Florida regulators are looking to return to residents some $25 million in unclaimed property that has been returned to the state as part of a settlement agreement with American International Group over life insurance...
AIG Sues to Preserve Right to Sue Bank of America, Others Over Mortgage Debt
Jan 14 2013 // American International Group Inc. has filed a lawsuit against a vehicle created by the Federal Reserve Bank of New York to help bail out the insurer, in a bid to preserve its right to sue Bank of America Corp .and other...
Declarations – East
Jan 14 2013 // Loss-Prevention Efforts “Heavy losses caused by weather-related natural catastrophes in the USA showed that greater loss-prevention efforts are needed. It would certainly be possible to protect conurbations like New...
Declarations – Midwest
Jan 14 2013 // Certain Losses “Those cars are going to be losses.” —U.S. Postal Service spokesman Pete Nowacki said up to 30 postal vehicles and an undetermined number of employee cars were submerged behind a mail-sorting...
Greenberg Won’t Sue AIG Over Bailout Lawsuit Vs. Government
Jan 10 2013 // Hank Greenberg will not sue AIG over the company’s decision not to join his lawsuit against the U.S. government, his lawyer said on Thursday. Greenberg, who was chief executive officer of American International Group...
AIG Decides Not to Join Bailout Lawsuit Against Government
Jan 9 2013 // The board of American International Group Inc. decided on Wednesday not to join a lawsuit against the U.S. government over the terms of the company’s bailout, following two days of fevered backlash from Congress and...
AIG Board Meets on Possible Bailout Lawsuit vs. Government
Jan 9 2013 // The board of American International Group Inc. met on Wednesday to consider a lawsuit against the U.S. government over the terms of the company’s bailout, a discussion directors defended as their responsibility but...
Zurich in North America Names Chief Risk Engineering Officer in N.Y.
Jan 9 2013 // Zurich in North America (ZNA) has appointed Thomas Fioretti as chief risk engineering officer. He will be based in New York. In this role, Fioretti will be responsible for the ongoing development and delivery of risk...
AIG Says It Has Obligation to Consider Bailout Lawsuit; Critics Pounce
Jan 9 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008, said on Tuesday it is considering joining a lawsuit that claims the bailout terms were unfair, drawing angry condemnation from...
AIG May Join Suit Against Federal Government Over ‘Unfair’ Bailout Terms
Jan 8 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms of the deal were...
New York AG Can’t Stop $115M AIG Settlement with Ex-CEO Greenberg, Others
Jan 8 2013 // New York Attorney General Eric Schneiderman cannot stop a $115 million settlement between American International Group Inc. shareholders and the insurer’s former chief executive and others, a U.S. judge ruled on...
10 Insurance Ins and Outs, Ups and Downs of Year of Dragon 2012
Jan 2 2013 // In Chinese astrology, the year 2012 was the Year of the Dragon, a symbol of unpredictability and uncertainty. The dragon represents mystery because its head and tail cannot be seen at the same time, according to Chinese...
Looking Back at Insurance News of 2012: The Year’s Biggest Stories
Dec 31 2012 // With less than a day left until the end of the year, here’s a look back at some of the biggest property/casualty insurance news stories in 2012 that impacted the Northeast region, in chronological order: Top Investor...
AIG to Thank America for Bailout in High-Profile Ad Campaign
Dec 31 2012 // American International Group,Inc. said it will launch an advertising campaign thanking America for its support during the global financial crisis, as well as highlighting AIG’s recovery and the repayment and a...
