Standard & Poor’s Ratings Services has assigned its “A+” junior subordinated debt rating to American International Group Inc.’s Series A-4 junior subordinated debentures due in 2077. “The ratings are based on the counterparty credit rating on AIG, which reflects the group’s extremely strong and well-diversified global competitive position, consistent track record of strong operating performance–notwithstanding recent accounting restatements–and strong organic growth in capital,” stated S&P credit analyst Rodney Clark.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims CaseFree Email Updates!
Enter your email today to get notified of new articles and features. Insurance news only, absolutely no spam!
Most Popular
- Have Insurers Lost the Capacity to Run an Underwriting Profit?
- Has Pet Insurance Become a Necessity?
- Liberty International Underwriters Launches Cyber Liability Products
- Florida Insurance Commissioner: 'This Is Year for PIP Reform'
- NYC Judge Throws Out Beer Pong Lawsuit
- Chubb Sues Actress Marisa Tomei Over $129K Damage in NYC Apartment
- P/C Insurers' Combined Ratio for 2011 Estimated at 107.5%
- Have Insurers Lost the Capacity to Run an Underwriting Profit?
- State Farm Plans to Hire 3,000 Employees
- Allstate Readies Homeowners Product for More States
- Have Insurers Lost the Capacity to Run an Underwriting Profit?February 9, 2012 | Comments (38)
- NYC Judge Throws Out Beer Pong LawsuitFebruary 8, 2012 | Comments (21)
- FEMA to Waive Katrina Victim DebtsFebruary 9, 2012 | Comments (19)
- Allstate Readies Homeowners Product for More StatesFebruary 7, 2012 | Comments (14)
- Has Pet Insurance Become a Necessity?February 9, 2012 | Comments (13)
Current Issue
Partner Center
Quote of Note
We have significant concerns that the proposed merger of Harleysville Mutual with and into Nationwide Mutual Insurance Company… may be disadvantageous to the policyholders and members of Harleysville Mutual.
More QuotesLiberty Mutual in its comment letter to Pennsylvania regulators
