An AIG unit and Countrywide Financial Corp., now part of Bank of America Corp., have sued each other, alleging breach of contract, in a dispute over insurance losses for subprime mortgage loans now in default. American International Group Inc.’s United …
A Cedar Rapids corn milling company is suing a unit of insurance giant AIG and another company, accusing them of acting in bad faith for refusing to pay flood insurance claims. Penford Products Co. is one of many eastern Iowa …
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 invested in AIG on behalf of more …
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 the struggling insurance company after it received …
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 officials initiated the bailout of the insurance giant. State Republican …
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 to …
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 York City’s economy and …
American International Group Inc. turned over details on Thursday of bonus recipients in an investigation by New York’s top legal officer, who promised to be sensitive to the company’s concerns for the security of its employees. “The Attorney General’s Office …
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 collapse. The largest U.S. labor …
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 would …
