Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Introduces Service to Assist with Homeland Security Compliance
May 15 2007 // AIG Homeland Security Solutions, a specialty unit of the property and casualty subsidiaries of American International Group Inc. (AIG), introduced Chemical Security Compliance Service, a new service available to AIG...
Stalled AIG Settlement Could Deepen R.I. Budget Deficit
May 11 2007 // Rhode Island’s estimated budget deficit could grow by almost $100 million because of a stalled settlement with an insurer accused of deceptive business practices, state officials warn. As part of a massive settlement...
AIG 1Q: Net Income Up 29%
May 11 2007 // American International Group, Inc. (AIG) reported that its net income for the first quarter of 2007 was $4.13 billion or $1.58 per diluted share, compared to $3.20 billion or $1.22 per diluted share in the first quarter of...
AIG’s Lexington Opens Bermuda Office
Apr 26 2007 // Lexington Insurance Company, a member company of American International Group, Inc. announced it has opened a property and casualty insurance underwriting office in Hamilton, Bermuda. “Establishing this new office...
AIG Offers UK Employers’ Liability Coverage for U.S. Companies
Apr 25 2007 // AIG WorldSource(R), a division of the property and casualty insurance subsidiaries of American International Group, Inc. announced it is offering Accel Elite — employers’ liability coverage for U.S. companies...
News Currents
Apr 23 2007 // Texas AG, Allied World Assurance settle antitrust suit A settlement has been reached in an investigation that Texas Attorney General Greg Abbott says uncovered collusion between a Bermuda-based commercial casualty insurer...
People
Apr 23 2007 // The Property Casualty Insurers Association of America hired Benjamin J. McKay III as senior vice president of federal government relations in its Washington, D.C., office. Previously, McKay served as chief of staff for...
AIG Chief Sullivan’s 2006 Compensation Valued at $22.5 Million
Apr 11 2007 // Martin J. Sullivan, who has been running insurance giant American International Group Inc. since the ouster of longtime chief executive Maurice “Hank” Greenberg, received compensation valued at nearly $22.5...
AIG Auto to Test Drive Tracking System for Teen Drivers
Apr 10 2007 // Direct marketer AIG Auto Insurance announced it will pilot a Teen GPS Program for policyholders with teen drivers. The program uses Global Positioning System, or GPS, technology to allow parents of teen drivers to monitor...
AIG Specialty Boosts Its Capacity for Public Entity Liability
Apr 3 2007 // AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, has increased its capacity of excess liability insurance for public entities to $25 million from $15 million. AIG Specialty...
Eleven AIG Companies Fined by Okla. Insurance Department
Mar 22 2007 // Oklahoma Insurance Commissioner Kim Holland announced the largest fine of an insurance company in state history – $400,000 – against eleven AIG insurance companies doing business in the state. The companies...
New AIG Unit Formed to Help Manage Terrorism Exposure and Risks
Mar 7 2007 // The AIG Companies announced the formation of AIG Homeland Security Solutions. The new specialty unit will provide access to insurance, risk management and security products and services to help companies work to prevent,...
A.I. Risk Introduces Diagnostic Radiology Facility Program
Feb 27 2007 // A.I. Risk Specialists Insurance, Inc., a member company of American International Group, Inc., has introduced AI Risk Radiology Solutions, a portfolio of property and casualty insurance coverages written specifically to...
People and Places
Feb 26 2007 // The National Association of Insurance Commissioners named its 2007 committee chairs and vice chairs. The new committee assignments are for one year. International Insurance Relations Committee: Chair Diane Koken,...
People
Feb 25 2007 // The National Association of Insurance Commissioners named its 2007 committee chairs and vice chairs. The new committee assignments are for one year. International Insurance Relations Committee: Chair Diane Koken,...
AIG Expands Captive Operation to Guernsey
Feb 22 2007 // A subsidiary of American International Group, Inc. (AIG) has received approval from The Guernsey Financial Services Commission to form a protected cell company in Guernsey, to be named AIG Insurance PCC Limited...
AIG Environmental to Offer Property Insurance
Feb 20 2007 // AIG Environmental, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), introduced AIG Environmental Property, an insurance facility designed to enable AIG Environmental to...
Business Moves
Feb 11 2007 // Goldman Sachs, USI Holdings Big insurance broker USI Holdings Corp. headquartered in Briarcliff Manor, N.Y., agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs & Co., in a...
Business Moves
Feb 11 2007 // Aon, Footman James Chicago-based Aon Corp. completed the acquisition of Footman James from Alchemy Partners Ltd. based in Guernsey. Terms of the transaction were not disclosed. The transaction will have no effect on...
Boston Risk Specialists Appoints New CEO
Feb 2 2007 // Boston-based Risk Specialists Cos. Inc., a member company of American International Group, Inc. (AIG), has appointed David A. Jordan chief operating officer. Jordan will continue as a senior vice president of Lexington...
