The Maryland Insurance Administration said Thursday that regulators collected $2,022,805 in penalties from American International Group as part of a multi-state settlement.The agreement was reached following allegations that AIG under-reported its workers compensation premiums for decades. In Maryland, premiums determine …
Mississippi’s insurance commissioner says the state will receive nearly $1 million as part of a national settlement over American International Group’s financial reporting for worker’s compensation insurance.
Here is another sign that American International Group executives may be feeling bullish about the company’s future prospects — CEO Robert Benmosche said this week that Chartis may readopt the AIG brand name in coming years, as the bailed-out insurer …
Pennsylvania Insurance Commissioner Michael Consedine announced Thursday that American International Group and its workers comp insurance units will pay Pennsylvania more than $16.8 million in fines and assessments. The regulator said this reflects a settlement agreement in a multi-state probe …
American International Group Inc. said that board director Donald Layton has submitted his resignation from the board, due to his appointment as chief executive officer of Freddie Mac. The resignation is effective next week when AIG commences its annual meeting …
The Goldman Sachs Group, a global investment banking and securities firm, is bullish on American International Group Inc. In a new equity research report released Wednesday, Goldman Sachs upgraded the AIG stock to “Buy” from “Neutral,” and raised its 12-month …
American International Group Inc. reported $3.21 billion net income for its 2012 first quarter, a 147 percent increase from $1.30 billion net income posted during the same period one year ago. The insurer’s profit surge was helped by low natural …
American International Group Inc. has sued the co-founder and former chief executive of its aircraft-leasing unit, Steven Udvar-Hazy, accusing him and other former employees of stealing several thousand electronic files containing trade secrets. The civil lawsuit by AIG, the insurer …
American International Group Inc. said Thursday it revised up net income from 2010 and 2011 by a combined $5.096 billion after adopting an updated industry accounting standard from the Financial Accounting Standards Board. The revised standard is called Accounting Standards …
Bailed-out insurer AIG is considering launching the initial public offering of airplane leasing business International Lease Finance in the second quarter, CNBC reported on Wednesday, citing people familiar with the deal. The IPO would potentially value ILFC Holdings at $6 …
