Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Auto Insurance Lowers Colo. Rates
Feb 14 2006 // AIG Auto Insurance is implementing a five percent rate decrease in Colorado. The move will lower auto insurance costs on over 10,000 vehicles and resulting in hundreds of thousands of dollars worth of savings for Colorado...
AIG Settlement Includes $343 Million to States for Workers’ Comp Errors
Feb 10 2006 // As part of its record $1.6 billion overall settlement with state and federal officials for fraud and improper accounting, American International Group will pay states $343.5 million for underpayment of workers compensation...
Hupp Named President at AIG Aviation
Feb 9 2006 // American International Group Inc. (AIG) reported that David Hupp has been named president and chief executive officer of AIG Aviation Inc. (AIG Aviation), a wholly owned subsidiary of AIG. Hupp will be responsible for...
Best Reacts to AIG Settlement
Feb 9 2006 // A.M. Best Co. maintains its existing under review status of the financial strength ratings (FSR) of member companies of American International Group Inc. (AIG) following AIG’s announcement that it has reached a $1.64...
New Markets
Feb 6 2006 // Condominium Associations Nuts & Bolts: Philadelphia Insurance Companies is broadening the eligible classes for its condominium product to include office park condominium complexes. Available coverages include...
New Markets
Feb 6 2006 // Condominium AssociationsNuts & Bolts: Philadelphia Insurance Companies is broadening the eligible classes for its condominium product to include office park condominium complexes. Available coverages include property,...
People & Places
Feb 6 2006 // Dianne Morris of Austin, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for 2006-2007. Morris is president of the Association Casualty Insurance Company. She succeeds...
New Markets
Feb 6 2006 // Non-Standard Medical MalpracticeNuts & Bolts: NAS Insurance Services has broadened its non-standard medical malpractice insurance to virtually all physicians specialists — plastic/cosmetic surgeons, emergency...
New Markets
Feb 5 2006 // Condominium Associations Nuts & Bolts: Philadelphia Insurance Companies is broadening the eligible classes for its condominium product to include office park condominium complexes. Available coverages include...
New Markets
Feb 5 2006 // New Markets Condominium Associations Nuts & Bolts: Philadelphia Insurance Companies is broadening the eligible classes for its condominium product to include office park condominium complexes. Available coverages...
People
Feb 5 2006 // Dianne Morris of Austin, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for 2006-2007. Morris is president of the Association Casualty Insurance Company. She succeeds...
New Markets
Feb 5 2006 // New Markets Nuts & Bolts: NAS Insurance Services has broadened its non-standard medical malpractice insurance to virtually all physicians specialists – plastic/cosmetic surgeons, emergency room physicians, lasik...
SEC Files Enforcement Action Against 5 Former Senior Executives of Gen Re, AIG
Feb 2 2006 // The Securities and Exchange Commission on Thursday filed an enforcement action against five former senior executives of General Re Corporation (Gen Re) and American International Group Inc. (AIG) for helping AIG mislead...
AIG, Greenberg Battle Over Starr MGA Accounts
Jan 31 2006 // New York State Supreme Court Justice Herman Cahn has granted American International Group Inc. a temporary restraining order against a managing general agency owned by C.V. Starr & Co., the insurance company being run...
AIG Names Martin Chief Operating Officer of Worldwide Life Business
Jan 29 2006 // American International Group, Inc. has named Rodney O. Martin, Jr. as chief operating officer of its worldwide life insurance business. Martin will remain chairman, president and chief executive officer of AIG American...
AIG’s National Union Fire Insurance Co. of Pittsburgh Unveils AIG ePro
Jan 26 2006 // National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), a member company of American International Group Inc. (AIG), reported the release of AIG ePro, a Web-based system allowing brokers to quote and...
Fla. Office of Insurance Issues Consent Order Against 10 AIG Companies
Jan 23 2006 // The Florida Office of Insurance Regulation has issued a Consent Order requiring 10 AIG Companies to transmit financial data required by statute, to pay administrative fines and costs of more than half a million dollars and...
AIG Appoints New Executives in Private Client Group, Domestic General Units
Jan 23 2006 // American International Group, Inc. has appointed Charles Williamson as president of the AIG Private Client Group, which serves the insurance and risk management needs of high net worth individuals. He succeeds Ross...
N.Y. Officials Said to Approve Multi-Year Reinsurance Contracts
Jan 23 2006 // New York officials have reportedly reassured the insurance community that, despite concerns over some alleged abuses of finite reinsurance, the use of certain multi-year reinsurance contracts that might be classified as...
Excess Liability Coverage
Jan 23 2006 // Nuts & Bolts: AIG Excess Casualty, a division of American Home Assurance Company, part of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage for risks...
