Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Praise for N.Y. Insurance Chief Dinallo
Oct 6 2008 // New York officials helped giant insurer American International Group Inc. strike the historic loan deal with the Federal Reserve that is keeping AIG afloat. Gov. David Paterson called it “great news” that will...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Chicago’s Mayor Hits AIG Bailout; Other Midwest Officials More Positive
Oct 6 2008 // Midwestern reaction to a proposed bail out of insurance giant American International Group (AIG) has been varied. In Chicago Mayor Richard Daley is not happy about the Federal Reserve Bank’s decision to provide an...
Declarations
Oct 6 2008 // Federal vs. state—AIG “This argument is fundamentally flawed because it is based on a totally inaccurate assumption of facts. First and foremost, AIG is not an insurance company; it is a federally-regulated holding...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group —...
Lawmaker Calls for AIG Internal Documents
Oct 6 2008 // Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked the new chief executive officer at American International Group Inc. to give his committee internal documents related to...
Call for AIG Internal Documents
Oct 6 2008 // Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked American International Group Inc.’s new CEO to give the committee internal documents related to events that...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group —...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Cracking Under Pressure
Oct 6 2008 // The Chips Fall: Agents, Customers, Competitors Pick Up the Pieces Old, New Business Breaking Away The financial woes of American International Group (AIG), a giant insurer that does considerable business with thousands of...
Lessons Learned from the AIG Crisis
Oct 6 2008 // Insurance Journal‘s exclusive “AIG in Crisis Survey” asked independent agents: What insurance, management, economic, regulatory or other lessons the industry and public should learn from AIG’s...
State Regulators Blast Federal Regulation Advocates Over AIG
Oct 6 2008 // State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal...
Competitors Offer to Fill the Gaps
Oct 6 2008 // There have been some subtle and not-so-subtle moves by competitors in reaction to AIG’s troubles. Navigators Pro increased its capacity for directors and officers (D&O) liability insurance, citing the...
AIG: Picking at the Pieces
Oct 6 2008 // Speculation Abounds as AIG Readies to Sell Off Assets For the moment, giant American International Group (AIG) lives on government life support, for which it’s paying 850 basis points (8.5 percent) over LIBOR,...
Fractured Loyalty: Customer Versus Company
Oct 6 2008 // A producer’s response to request to move AIG business could depend on whether that producer is an agent or a broker. “If the producer is a broker, working only for the client with no agency agreement with the...
AIG to Keep Its Commercial Property/Casualty Insurance, Sell Some Other Units
Oct 3 2008 // American International Group Inc. said it plans to keep its commercial property/ casualty and foreign general insurance businesses, while selling off some life insurance business and seeking alternatives for its securities...
In Focusing on Customer Retention, AIG Vows to Maintain Pricing Discipline
Oct 3 2008 // Financially-challenged insurance giant American International Group is “doing very well in the marketplace” despite contrary rumors and competitors trying to take advantage of its financial situation and it...
State Regulators See No Trickle-Down from AIG Parent to Insurance Units
Oct 3 2008 // State regulators from across the country say that the problems at parent company American International Group are unlikely to trickle down to affect its insurance operations that come under their regulatory...
AIG Soccer Team, Wachovia Arena Among Sponsorships with Identity Crisis
Oct 2 2008 // First the bursting of the dot-com bubble in the 1990s, then the accounting scandals earlier this decade, forced ballparks and arenas around the country to change their names. Enron Field became Minute Maid Park, and names...
