Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Estee Lauder’s Langhammer, Citigroup’s Willumstad Join AIG Board
Jan 18 2006 // The board of directors of American International Group, Inc. has elected Fred H. Langhammer and Robert B. Willumstad as directors. Langhammer served was chief executive officer of The Estée Lauder Companies Inc. from 1999...
Vietnam Licenses AIG Sub
Dec 21 2005 // Confirming the commitment made last June (See IJ Website June 24) the Vietnamese government has formally issued a license to American International Underwriters Overseas Ltd., a subsidiary of AIG, to conduct general...
N.Y. AG Spitzer Claims Greenberg Shorted Charity 35 Years Ago
Dec 16 2005 // New York Attorney General Eliot Spitzer this week accused embattled insurance executive Maurice R. “Hank” Greenberg of participating in a series of financial transactions 35 years ago that cost the charitable...
Litzky Chosen as Vice President for AIG Corporate Governance
Dec 14 2005 // American International Group Inc. has named Eric N. Litzky as vice president for corporate governance. He has also been named special counsel and secretary to the Board of Directors. Litzky will report directly to the AIG...
People & Places
Dec 5 2005 // Ken North Frost Insurance reported that Ken North joined its Fort Worth, Texas, office as president of the company’s Dallas region. North has 30 years of experience in the insurance industry. Ann Wilson Frost...
ASI, Zurich, AIG
Dec 4 2005 // ust like Arnold Schwarzenegger, today’s strongest and most successful insurance programs started out as scrawny and klutzy kids. Hard work along with nurturing from wise and patient carriers helped them build muscle...
Former Calif. Broker Charged with Selling Fake Policies
Nov 29 2005 // Calif. Insurance Commissioner John Garamendi has announced that a former Los Angeles insurance broker has been arrested and charged with 63 felony counts related to the sale of thousands of fake insurance policies...
More Civil Claims ‘Possible’ Against AIG’s Former Boss, But No Criminal Charges Expected
Nov 28 2005 // Additional civil charges against former American International Group Inc. Chairman and CEO Maurice “Hank” Greenberg are possible, but no state criminal charges are expected, a spokesman for New York Attorney...
National Newsbriefs
Nov 21 2005 // Q3 Insured Losses an All-Time Record: Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8 billion to homeowners and...
New Markets
Nov 20 2005 // Motor Carriers Nuts & Bolts: Lexington Insurance Company, a member company of American International Group Inc., introduced Lex TransportPlus, a new product suite encompassing two policies: Motor Truck Cargo and...
News Briefs
Nov 20 2005 // Q3 Insured Losses an All-Time Record: Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8 billion to homeowners and...
AIG Sees Q3 Net of $1.72 Billion
Nov 14 2005 // American International Group Inc. (AIG) has filed its Quarterly Report on Form 10-Q for the period ended Sept. 30, 2005 with the Securities and Exchange Commission. Third quarter 2005 net income was $1.72 billion or $0.65...
Fitch: AIG Remains on Rating Watch
Nov 10 2005 // Fitch Ratings called the recent announcement by American International Group, Inc. (AIG) of additional restatements of previously-issued financial statements “a modest negative development.” Fitch said...
AIG Delays Q3 Filing, Plans Restatements Back to 2002
Nov 9 2005 // American International Group, Inc. (AIG) said it will delay the filing of its Form 10-Q for the third quarter until Nov. 14. The company said that the five day extension would allow it time to incorporate into its third...
AIG Names Keogh Sr. VP, Mitrovic Vice President Claims
Nov 2 2005 // American International Group Inc. (AIG) has announced that its Board of Directors has elected John Keogh senior vice president, Domestic General Insurance and Michael Mitrovic vice president, Claims. Keogh will continue to...
AIG Adopts Additional Corporate Governance Measures
Oct 20 2005 // American International Group, Inc. announced that its board of directors has adopted two additional corporate governance guidelines. The board adopted a Majority Voting Guideline requiring that director nominees in...
AIG Risk Management Unveils New Program for Temp Staffing Industry
Oct 19 2005 // AIG Risk Management (AIGRM), a member of American International Group, Inc. (AIG), has launched a new suite of insurance coverages and risk management services designed to meet the unique needs of the temporary staffing...
Starr Claims It’s Independent from AIG
Oct 17 2005 // Starr International Co., a company headed by former American International Group CEO Maurice Greenberg, is disputing claims that it is affiliated with AIG and therefore should return the 12 percent or $19 billion of AIG...
News Briefs
Oct 17 2005 // Katrina Churns in $34.4B in Losses: Hurricane Katrina is expected to cost U.S. property/casualty insurers an estimated $34.4 billion in insured property losses, making it the costliest U.S. catastrophe ever, according to...
AIG Aids South Asia Quake Victims
Oct 13 2005 // American International Group Inc. (AIG) is donating $1 million to support relief efforts in the areas affected by the Oct. 8 earthquake in South Asia. In addition, AIG is encouraging its employees to help the earthquake...
