Latest AIA Headlines
All the headlines from our AIA Topic Page, ordered by recency.
AIG in Deals to Reduce Debt to Public, Position 2 Life Units for Public Offerings
Jun 25 2009 // American International Group, Inc. (AIG) said it has penned an agreement with the Federal Reserve Bank of New York (FRBNY) that will reduce the debt AIG owes the FRBNY by $25 billion and position two of the company’s...
Louisiana Legislative Actions Both Please and Disappoint Insurer Group
Jun 24 2009 // The American Insurance Association (AIA) has expressed disappointment that the Louisiana Senate chose not to consider asbestos lawsuit reform legislation during the 2009 session. The insurance company trade group, however,...
AIG Picks Deutsche Bank, Morgan Stanley for Joint AIA IPO Role
Jun 18 2009 // Bailed out U.S. insurer American International Group has chosen Deutsche Bank and Morgan Stanley as its joint global coordinators for a more than $4 billion IPO of its Asian life insurance unit, sources said on...
Texas Windstorm Insurance Bill Passes
Jun 15 2009 // Texas lawmakers on the first day of the 2009 hurricane season and the last day of the Texas legislative session passed a bill – HB 4409 – aimed at recapitalizing the Texas Windstorm Insurance Association...
S&P Says AIA, AIAB Ratings ‘Not Affected’ by AIG Spinoff Plans
May 20 2009 // Standard & Poor’s Ratings Services said that its ratings on Hong Kong-based American International Assurance Co. Ltd. (AIA; A+/Developing/–) and American International Assurance Co. (Bermuda) Ltd. (AIAB;...
Litigation Expected on Minnesota Insurance Bill as Session Ends
May 20 2009 // The 2009 Minnesota legislative session has wrapped up with lawmakers taking action on a number of insurance bills. One in particular has insurer trade groups questioning whether litigation will follow after the measure...
AIG Launches IPO Process for Asian ‘Crown Jewel’
May 18 2009 // American International Group said it would accelerate plans to separate its Asian subsidiary through an initial public offering as the bailed-out U.S. insurer seeks to raise cash and list the unit as soon as possible. The...
Asbestos Liability Bill Fails to Pass Washington Legislature
May 15 2009 // The Washington Legislature has failed to pass a bill that would have limited a successor corporation’s liability for asbestos-related claims to an amount equal to the predecessor corporation’s adjusted total...
Report: Process for AIG Asian IPO to Start Soon
May 14 2009 // AIG is expected to soon begin the process of launching the initial public offering of its largest Asian subsidiary, according to sources familiar with the matter, in what could be one of the largest Asian IPOs to hit the...
Colorado Legislature Ends Session With Insurance-Friendly Session
May 7 2009 // The Colorado General Assembly, which adjourned yesterday, took a commonsense approach to insurance-related legislation during its 2009 Session, according to the American Insurance Association. Bills of primary concern to...
Texas Bill Aims to Reverse State High Court Ruling in Work Comp Case
Apr 17 2009 // Texas lawmakers, unhappy with a recent state Supreme Court decision in a high profile workers’ compensation case, have passed out of committee a measure its sponsors say will overturn the Court’s ruling in...
Insurers Oppose Minnesota Consumer Credit Ban Bill
Mar 24 2009 // While insurance consumer advocates step up their criticism of insurers’ use of credit scores, the American Insurance Association (AIA) and Property Casualty Insurers Association of America testified before a...
AIG’s AIA Gets Prudential (UK), Manulife Offers; China Life Declines
Mar 4 2009 // The UK’s Prudential Plc and Canada’s Manulife Financial Corp made preliminary offers for American International Group Inc.’s Asian unit, but Prudential’s offer fell short of what AIG wants for the...
Oregon Bill Could Drive Up Insurance Costs, Insurers Claim
Mar 3 2009 // The American Insurance Association (AIA), National Association of Mutual Insurance Companies (NAMIC) and Property Casualty Insurers Association of America (PCI) are reaching out to Oregon legislators to highlight what it...
AIG Mulls Further Government Stakes As Auction Deadline Looms
Feb 26 2009 // Beleaguered U.S. insurance giant American International Group may allow the U.S. government to take control of certain assets should the sale of stakes in various units fail to produce attractive offers, according to a...
AIG’s Hopes for Sale of Asian Life Unit AIA Rest With 3 Bidders
Feb 25 2009 // Three potential bidders remain interested in the sale of a large stake in American International Group’s $20 billion Asian life insurance unit, people close to the matter said on Wednesday, as the auction heads into...
AIG Seen Willing to Give Up Majority Control of Asia ‘Jewel’ AIA
Feb 24 2009 // American International Group Inc., facing massive losses and seeking fresh funds, may be willing to give up control of its prized Asian division, worth about $20 billion, said sources with direct knowledge of the...
Wyoming Representatives Reject Bill to Raise Vehicle Liability Coverage Limits
Feb 12 2009 // The Wyoming House of Representatives has defeated a bill that would have increased the financial minimum limits on personal automobile liability coverage. If it had passed, HB 168, the Motor Vehicle Financial...
Ex-CEO Greenberg Protests AIG Sale of Asian Life ‘Crown Jewel’
Jan 23 2009 // Former AIG Chief Executive Maurice “Hank” Greenberg said in a letter Thursday the insurer should halt asset sales until the new administration in Washington can assess what is best for the now...
FTC Probing Insurers Over Credit-based Homeowners Insurance Pricing
Jan 11 2009 // U.S. regulators have asked nine major insurance companies, including Allstate Corp. and Travelers Cos. Inc., to provide information about how they set prices for homeowners’ coverage. The Federal Trade Commission...
