Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Insurers, Brokers Say Some Northeast Offices Still Closed Due to Sandy
Nov 2 2012 // Superstorm Sandy — and the widespread power outages and transport problems that followed — affected business operations of numerous companies in the Northeast, including those of insurers and brokers. Companies...
AIG Profit Gains on Investments; P/C Earnings Fall But Pricing Improves
Nov 1 2012 // American International Group Inc. earned a larger-than-expected profit during the third quarter, due in part to big gains on its investment holdings. Questions about the sustainability of those profits, and uncertainty...
Activist Chairmen, Independent Directors Challenge CEOs, ‘Country Club’ Boards
Oct 24 2012 // In the summer of 2011, Yahoo Inc.’s board decided enough was enough. Directors had seen the Internet giant’s stock languish, and the answers they got from Carol Bartz, chief executive at the time, fell short of...
AIG to Pay $11M Multi-State Settlement Over Life Policies
Oct 22 2012 // Insurer American International Group Inc. has agreed to an $11 million settlement with a group of states over its claims settlement practices for life insurance policies on Monday. AIG is the latest insurer to settle state...
AIG Settles, Will Pay California Life Beneficiaries $25-$30M
Oct 22 2012 // AIG Insurance Co. will pay an estimated $25 to $30 million owed to California beneficiaries of life insurance policies, and an $11 million settlement payment. California Controller John Chiang began auditing AIG’s...
AIG Unveils New ‘Refreshed’ Logo
Oct 22 2012 // American International Group revealed earlier this month what the company described as “a refreshed AIG logo,” featuring a modernized design and new color palate. The updated logo will begin appearing widely in...
AIG to Sponsor New Zealand Rugby
Oct 12 2012 // American International Group Inc. (AIG) and the New Zealand Rugby Union (NZRU) have agreed to a a five-and-a-half year agreement for AIG to sponsor six NZRU rugby teams: the All Blacks, Maori All Blacks, All Blacks Sevens,...
AIG Unveils New ‘Refreshed’ Logo
Oct 2 2012 // American International Group today revealed what the company described as “a refreshed AIG logo,” featuring a modernized design and new color palate. The new logo, at top, and the current logo, below. The...
AIG Targeted as Likely ‘Systemically Important’ Financial Firm
Oct 2 2012 // Insurance giant American International Group Inc. said that it has received a notice from the Financial Stability Oversight Council (FSOC) that it is under consideration as a “systemically important financial...
A Milestone for AIG
Sep 24 2012 // We have a news item in this Sept. 24 issue, on page 8, that marks a milestone for one of the most talked about U.S. corporations in recent times. For the first time since its $182 billion bailout by the U.S. Treasury...
Government No Longer Majority Owner of AIG
Sep 24 2012 // The U.S. government is no longer the majority owner of American International Group Inc. The bailed-out insurance company said on Sept. 14 that the Treasury Department had completed a planned sale of AIG stock, which...
U.S. Treasury Sells $18 Billion of AIG Stock, Cuts Stake to 19%
Sep 10 2012 // The U.S. government cut its stake in American International Group Inc. to 19 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its...
U.S. Treasury Expects $12.4 Billion Profit from Investment in AIG
Sep 10 2012 // The U.S. Treasury said on Monday it expects to raise $18 billion from its sale of American International Group shares, representing a profit of $12.4 billion to date on the Treasury and Federal Reserve’s investment...
Treasury Launches $18 Billion AIG Stock Offering
Sep 10 2012 // The U.S. Treasury Department said it will sell most of its stake in insurer American International Group Inc., making the government a minority investor for the first time since it rescued the company in the depths of the...
AIG Off the Hook for Claims by Madoff Clients Under Home Policies
Sep 10 2012 // American International Group Inc. (AIG) does not have to cover insurance claims from two former Bernard Madoff clients who sought compensation for their losses under their homeowner’s policy, a federal appeals court...
AIG Sells AIA Shares at Surpise Premium, Raises $2 Billion
Sep 7 2012 // American International Group Inc. said it raised $2.02 billion through the sale of a partial stake in its former Asian unit AIA Group Ltd, placing the shares at a surprise premium although analysts were disappointed at the...
New York Fed Sells Last of Its AIG Assets, Ending Ties with Insurer
Aug 23 2012 // The Federal Reserve Bank of New York brought to a close another chapter in the government’s taxpayer-funded bailouts of 2008 with the sale of its remaining assets of insurer American International Group, the bank...
AIG Off the Hook for Claims by Madoff Clients Under Home Policies
Aug 15 2012 // American International Group Inc. does not have to cover insurance claims from two former Bernard Madoff clients who sought compensation for their losses under their homeowner’s policy, a federal appeals court ruled...
Treasury Gains in Sale of AIG Stock
Aug 7 2012 // American International Group Inc. said today hat the U.S. Department of the Treasury expects to receive an additional $750 million in addition to its previous estimate of $5 billion from its underwritten public offering of...
U.S. Treasury to Raise $5B from AIG Stock Sale
Aug 6 2012 // The U.S. Treasury Department said on Friday it expects to raise $5 billion from its sale of American International Group stock, cutting the government’s stake in the bailed-out insurer to 55 percent. The sale, which...
