Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Congressman Asks If AIG Used Bailout Fund for PR Firms
Apr 15 2009 // The head of a U.S. House of Representatives committee sent a letter Tuesday to American International Group Inc demanding to know if it used bailout money to pay for public relations firms to attack critics. Several...
Connecticut Official Says State Law Doesn’t Bar AIG Bonuses
Apr 13 2009 // The controversial bonuses given to executives at bailed-out insurer American International Group Inc. do not violate Connecticut’s unfair trade practices law, the state’s consumer protection commissioner...
AIG Completes Thailand Asset Sale
Apr 9 2009 // American International Group announced that it has closed the sale of AIG’s retail bank, AIG Retail Bank Public Company Limited, and credit card operation, AIG Card (Thailand) Company Limited. The Thai operations...
US Financial Bailout Watchdog Examining AIG Payments
Apr 8 2009 // The in-house watchdog for the U.S. Treasury Department’s massive financial rescue program is examining billions of dollars in counterparty payments made by bailed-out insurer AIG to major banks, such as Goldman...
Former Maine CEO in Hot Seat over AIG Bonuses
Apr 7 2009 // The public outrage aimed at American International Group over bonuses given to its executives has reached the man whose committee approved the payouts: James F. Orr, former chief executive officer of Unum Corp. The...
Business Moves
Apr 6 2009 // AIG American International Group (AIG) has taken down the most prominent sign at its downtown Manhattan offices. According to a Reuters report, the company replaced the large AIG sign — outside the entrance to its...
Business Moves
Apr 6 2009 // CAA, Bridges Group Inc. Austin, Texas-based Combined Agents of America LLC (CAA) has added Bridges Group Inc., based in Kansas, to its roster of agency members. Since 1894, the Bridges Group has served the region...
Declarations
Apr 6 2009 // Japanese Suicide “The first thing that would make me feel a little bit better toward them (is) if they’d follow the Japanese example and come before the American people and take that deep bow and say, I’m...
Regulators: AIG Not Using Bailout Funds to Under-Price Insurance
Apr 6 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
Business Moves
Apr 6 2009 // AIG American International Group (AIG) has taken down the most prominent sign at its downtown Manhattan offices. According to a Reuters report, the company replaced the large AIG sign — outside the entrance to its...
Business Moves
Apr 6 2009 // AIG American International Group is taking down the most prominent sign at its downtown Manhattan offices. According to a Reuters report, a spokesman said the company had decided to replace the large AIG sign —...
Witch Hunt at AIG; While Lloyd’s Sees ‘Flight to Quality’
Apr 6 2009 // The witch hunt that has engulfed AIG needs to be toned down. If for no other reason than it’s making the problem worse, not better. It also reduces the likelihood that U.S. taxpayers will get back any of the money...
AIG’s Ex-CEO Greenberg Scheduled for House Committee Testimony
Apr 2 2009 // The chairman of a U.S. House oversight panel said Wednesday he will soon call the chief executive of American International Group Inc. to testify, amid the committee’s ongoing probe of the fall of the insurance...
AIG Ex-CEO Greenberg, Congress Spar Over Company Mess
Apr 2 2009 // Maurice “Hank” Greenberg, former CEO of American International Group Inc. and creator of the AIG unit whose investments triggered the insurance giants’s near collapse, portrayed himself as a victim in...
Former General Re CFO Monrad Sentenced to 18 Months in Prison
Apr 2 2009 // The former chief financial officer at a unit of Berkshire Hathaway Inc. was sentenced to 18 months in prison Thursday for her role in a scheme to manipulate American International Group Inc.’s financial...
Two AIG Directors Will Not Seek Re-Election
Apr 1 2009 // American International Group Inc. directors Virginia M. Rometty and Michael H. Sutton will not seek re-election at the insurer’s annual meeting, an AIG filing with the U.S. Securities and Exchange Commission showed...
Lawsuit Against AIG Seeks Return of Bonuses, Perks
Mar 30 2009 // A lawsuit filed on behalf of shareholders of American International Group Inc. is demanding company executives return millions of dollars in bonuses, dividends and other perks. The lawsuit, which seeks class-action status,...
Ex-AIG Worker Sentenced to 1 Year in Prison for $500K Theft
Mar 27 2009 // A federal judge in Delaware has sentenced a former AIG employee who stole nearly $500,000 over four years to a year and a day in prison Stacey Baisden, who pleaded guilty to mail fraud last year, apologized in court...
AIG Executive Defends Multimillion Dollar Bonuses at Connecticut Hearing
Mar 27 2009 // An executive at American International Group Inc. defended the insurer’s controversial $165 million in bonuses in a hearing in Hartford, saying the recipients did not create the problems that led to a government...
Bank of East Asia to Buy AIG’s Taiwan Securities Unit
Mar 26 2009 // The Bank of East Asia said on Thursday that it has signed a deal to buy the Taiwan securities arm of American International Group as the ailing U.S. insurance giant sells assets to raise cash. “The deal is subject to...
