Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Too Much
Oct 20 2008 // There’s too much business news and too little time these days. Actually, just following AIG can be a full-time job. Since most of you hopefully still have full-time day jobs, it’s possible you missed some of...
Greenberg: AIG’s Risky Subprime Activity ‘Exploded’ After He Left
Oct 20 2008 // American International Group’s (AIG) exposure to the subprime mortgage market that precipitated the government’s $85 billion bailout came as a result of business conducted after he left the company, according...
Cross-Border Trucking, Competitiveness Concerns in Arizona
Oct 20 2008 // Being the sixth-largest state in the nation, and one of the fastest-growing, makes Arizona an attractive place to live and do business. And that means the state is desirable from an insurance perspective, too, according to...
AIG Commercial Insurance Battles Back
Oct 20 2008 // Execs Say Balance Sheet, Underwriting Appetite Remain Strong as Ever Exclusive Insurance Journal Interview with AIG Commercial Insurance CEO John Doyle and CFO Rob Schimek The very strengths in its balance sheet, surplus,...
Financial Crisis Dominates European Risk Manager Debates, Conference
Oct 20 2008 // One of Pat Oliphant’s more recent editorial cartoons shows presidential candidate John McCain held in the trunk of an enraged elephant labeled “The Economy.” “My friends,” says McCain to a...
AIG Agrees to to Recover Top Executives’ Pay, Cancel Conferences
Oct 17 2008 // American International Group, the insurance giant that drew fire for executive “golden parachutes” and an ill-timed junket even as it receives a massive taxpayer bailout, has agreed to mend its ways. AIG...
AIG Hires Firms to Advise on Sale of Assets Including Hartford Steam
Oct 17 2008 // American International Group , which is in the process of selling assets to repay a massive U.S. government loan, has hired Bank of America to advise it on the sale of its U.S. personal lines business, sources familiar...
India’s Tata Sons Eyes Stake in AIG Asia Unit, Sources Say
Oct 17 2008 // India’s Tata Sons has been in talks to buy a stake in AIA, a major Asian unit of American International Group, sources close to the matter said. The U.S. insurance giant has been seeking to sell assets after nearly...
New York AG Goes After AIG Exec Compensation, Event Expenses
Oct 16 2008 // During recent Congressional hearings into the financial crisis at American International Group (AIG) and the resulting $85 billion federal bailout for the financial giant, Rep. Elijah Cummings, D-Md., asked former AIG CEO...
AIG Commercial Insurance Unit Financially Fit and Fighting Back
Oct 14 2008 // The very strengths in its balance sheet, surplus, underwriting and personnel that have made the Commercial Insurance unit of American International Group (AIG) a market leader are keeping it competitive even while the...
Ex-CEO Greenberg Urges AIG to Renegotiate $85B Loan or Perish
Oct 14 2008 // Its former chief executive officer, Maurice “Hank” Greenberg, says American International Group (AIG) should renegotiate the terms of the $85 billion loan it has from the federal government or it will end up in...
AIG May Sell Hawaii Unit to Pay Federal Loan
Oct 13 2008 // American International Group Inc. may sell its AIG Hawaii unit to pay off an emergency $85 billion federal loan. The local unit is part of the AIG Personal Auto Group, which the New York-based insurer has listed for...
AIG Has Drawn $70 Billion of Government Loan
Oct 13 2008 // American International Group Inc.’s shares fell 15 percent on Friday amid mounting liquidity concerns after the insurer drew on $9 billion from a government loan in the last week. AIG, crippled by losses on bad...
Lehman Failure Seen as Straw that Broke Credit Market, AIG
Oct 13 2008 // As finance chiefs gathered in Washington D.C. this weekend to work out what went wrong with the world economy, the refusal of the U.S. Treasury to rescue investment bank Lehman Brothers was being blamed as the straw that...
Lehman Debt Auction Gives Clue to Potential Insurance Payouts
Oct 13 2008 // Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance contracts. That’s the...
AIG Crisis Highlights the Need for Insurance Professionalism
Oct 10 2008 // American International Group’s meltdown may serve at least one (if not more) positive purpose: spotlighting the difference between the insurance professional and the non-professional. Insurance professionals will...
GOP Candidate Challenges Sen. Kerry on AIG Bailout
Oct 10 2008 // Democratic Sen. John Kerry’s Republican challenger in Massachusetts called on him to sell any stock he has in insurance giant American International Group and donate all campaign contributions from officials at the...
Greenberg: AIG’s Risky Subprime Activity ‘Exploded’ After He Left
Oct 10 2008 // American International Group’s (AIG) exposure to the subprime mortgage market that precipitated the government’s $85 billion bailout came as a result of business conducted after he left the company, according...
Reflections on the Fate of AIG
Oct 9 2008 // The AIG has been a settled part of the insurance scene for as long as I have been watching it. It was huge, centralized and driven by a singular and dominant personality. It nearly always evoked fear in the minds of...
Former AIG Executives Draw Fire from U.S. Lawmakers
Oct 8 2008 // Lawmakers criticized American International Group Inc. Tuesday for ignoring financial warnings and for executive compensation deals and lavish spending, including a company gathering at an expensive resort just days after...
