American International Group Inc. is cutting prices to win new business and boost market share, competitors and others in the industry say, but taxpayers could again be stuck with the tab. Since a U.S. government bailout, which last month swelled …
The CEO of U.S. insurer American International Group (AIG), which is looking to shed assets around the globe as part of a $152 billion U.S. government rescue package, said that difficult markets may delay the sale plans, though certain units …
Former American International Group Inc. CEO Maurice “Hank” Greenberg said the insurer could fall apart unless management quickly came up with a unified recovery plan. “You can’t hold (together) an organization that is drifting in the way it is,” he …
Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives. Federal regulation — something that most other nations already have …
Efforts to settle a long-running fraud lawsuit against American International Group Inc.’s former chief, Maurice “Hank” Greenberg, have broken down amid the insurer’s financial woes, a lawyer from the New York attorney general’s office said Monday. Before AIG’s near collapse …
Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives. Federal regulation in the United States — something that most …
No Texting While Driving “When you see accidents that have happened or you hear about near-misses, it is just a step we can take to ensure the safety of our citizens.” —Austin, Texas, City Councilman Mike Martinez says he has …
Maurice “Hank” Greenberg, former CEO of American International Group Inc., said he would consider buying AIG’s Asian life insurance operations if the firm were to put this flagship business on the market. AIG, once the world’s biggest insurer by market …
The Delaware Chancery Court has given preliminary approval to a $115 million settlement in a shareholder derivative action brought by the Teachers’ Retirement System of Louisiana against four former AIG executives and C.V. Starr & Co. Inc. The defendants, including …
Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, says the terms and conditions surrounding a government rescue loan are pushing the insurer closer to collapse with each day. “Time is clearly running out,” said Greenberg in a …
