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 their expectations. So, the …
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 probes relating to the …
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 insurance company practices in 2008, revealing an industry-wide …
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, New Zealand Black …
Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and surplus. And once again, the surplus lines sector outpaced the results …
American International Group today revealed 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 the company’s advertising and marketing later this fall, according to the …
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 institution” pursuant to the Dodd-Frank Wall Street reform act. The …
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 financial crisis …
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 size of the …
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 on Wednesday. The 2nd U.S. Circuit Court of …
