Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Protesters Visit AIG Officials’ Lavish Connecticut Homes
Mar 23 2009 // A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions of dollars in bonuses awarded by...
New York Republicans Demand Probe into AIG Campaign Donation
Mar 23 2009 // New York’s Republican Party says the Democrat-controlled state government is ignoring calls for an investigation into a $100,000 donation to the state Democratic Party from American International Group days before...
Connecticut AG Says AIG Bonuses Were Higher than $165M
Mar 23 2009 // Connecticut’s attorney general says documents turned over to his office by American International Group Inc. shows the company paid out $218 million in bonuses, higher than the $165 million previously...
State Regulators Say AIG Insurance Policyholders Still Protected
Mar 23 2009 // The nation’s insurance regulators are again telling policyholders of American International Group (AIG) that the insurance company is able to meet its obligations to them despite ongoing controversy surrounding the...
Michigan Retirement Plan Is Lead Plaintiff in Securities Suit Against AIG
Mar 23 2009 // Michigan Treasurer Robert Kleine and Attorney General Mike Cox say Michigan has been named lead plaintiff in a class action lawsuit against American International Group Inc. (AIG). The State of Michigan Retirement Systems...
Montana State Auditor’s Office Submits Demand Letter to AIG
Mar 20 2009 // Montana State Auditor and Commissioner of Securities Monica Lindeen have sent a demand letter to AIG requesting information about the company’s finances and bonuses. Lindeen is asking her Securities Division to look...
Yanking AIG Bonuses to Cost N.Y. City $3 Million in Taxes
Mar 20 2009 // New York City could lose $3 million in tax revenues if insurer American International Group’s workers are forced to hand back their bonuses, the city comptroller said on Thursday. Wall Street is the taproot of New...
Anti-AIG Protests Draw Small Crowds
Mar 20 2009 // Small crowds of protesters angered by the government’s $180 billion bailout of AIG marched in cities across the United States Thursday, mocking bonuses paid to employees who helped push the company to the brink of...
AIG’s Top Asia Executive Tse Retires
Mar 20 2009 // Edmund Tse, the top American International Group Inc. executive in Asia, is retiring, the troubled insurer said on Friday. Tse, who is in his early 70s, has worked at AIG since 1961, and was once considered a top candidate...
U.S. House to Vote on Tax on AIG Bonuses
Mar 19 2009 // The House , reacting to public furor, will vote today on a bill to recoup most of the bonuses paid to AIG executives after the insurer got billions of dollars in government aid, Democratic leaders said Wednesday. The bill...
AIG CEO Liddy: ‘I Need All The Help I Can Get’
Mar 19 2009 // The head of the nation’s most vilified corporation sat before irate lawmakers at a U.S. congressional hearing Wednesday and was assured, “We don’t intend to harass you.” Then the harassment...
AIG Weighs Selling Pine Street Headquarters Building in Manhattan
Mar 19 2009 // American International Group Inc., being kept afloat by a $180 billion government bailout, may sell its downtown Manhattan headquarters. “AIG is evaluating the potential sale of its headquarters building at 70 Pine...
U.S. House Passes Measure to Recoup AIG Bonuses
Mar 19 2009 // The U.S. House of Representatives swiftly passed a bill Thursday to recoup controversial bonuses paid to American International Group Inc. as Treasury Secretary Timothy Geithner tried to calm the furor by taking...
AIG CEO Liddy to Appear Before House Committee Today
Mar 18 2009 // American International Group CEO and Chairman Edward Liddy is among those scheduled to testify before a House subcomittee today on Capitol Hill. The hearing of the House Financial Services Subcommittee on Capital Markets,...
U.S. to Claw Back AIG Bonuses, Congress Eyes Taxing Recipients
Mar 18 2009 // The Obama administration turned up the heat on AIG Tuesday over its employee bonuses, saying the embattled insurer will be forced to repay U.S. taxpayers before it gets another bailout of $30 billion. Treasury Secretary...
AIG’s Liddy Says Taxpayers Will Be Repaid
Mar 18 2009 // Public anger over the bailout of U.S. financial firms is understandable, but taxpayers should know that American International Group plans to repay the money, chief executive Edward Liddy said in an opinion piece published...
Regulators: AIG Not Using Bailout Funds to Underprice Insurance
Mar 18 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
73 AIG Employees Got $1 Million Bonuses, Says New York AG Cuomo
Mar 18 2009 // American International Group Inc., which has received $180 billion in taxpayer money to stay in business, created 73 millionaires with bonuses of $1 million or more in 2008, New York’s top legal officer said on...
AIG Asks Financial Products Employees To Give Up Half of Bonuses
Mar 18 2009 // American International Group Financial Products (AIGFP) employees who received retention bonuses in excess of $100,000 have been asked to return half of the bonuses, AIG CEO Edward Liddy told lawmakers on Capitol Hill...
Testimony of AIG CEO Liddy on Capitol Hill
Mar 18 2009 // American International Group CEO and Chairman Edward Liddy was among those scheduled to testify before a House subcomittee March 18 on Capitol Hill. The hearing of the House Financial Services Subcommittee on Capital...
