Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG’s CEO Says ‘Exec Retreat’ Not for Employees
Oct 8 2008 // American International Group Inc. (AIG) chairman and CEO Edward M. Liddy sent a letter today to U.S. Treasury Secretary Henry M. Paulson to clarify the circumstances of a business event held by an AIG subsidiary, discussed...
AIG Domestic Life Units Get $37.8 Billion Cash from Federal Reserve
Oct 8 2008 // The Federal Reserve Board has authorized the Federal Reserve Bank of New York to borrow securities from certain regulated domestic life insurance subsidiaries of the American International Group (AIG). Under this program,...
House Committee to Hold Hearing on AIG Bailout Today
Oct 7 2008 // American International Group executives and several financial regulators are scheduled to testify today at a Capitol Hill hearing on the circumstances leading up to $85 million government loan to AIG. The House Committee...
New York Insurance Chief Says AIG Bailout was Unavoidable
Oct 7 2008 // Washington policymakers had no choice but to rescue American International Group Inc. after a dramatic investor crisis left the giant insurer starved for cash, New York insurance chief Eric Dinallo told lawmakers...
AIG Had Early Warning from Government Regulators on Risk, Says House Chairman
Oct 7 2008 // U.S. regulators sent a letter to American International Group Inc. in March warning of its lack of transparency and ability to oversee its financial products, a top Democratic lawmaker said Tuesday. Rep. Henry Waxman, who...
Best, S&P Keep Most AIG Ratings under Review/Negative
Oct 6 2008 // The emergency loan and the recent announcements that American International Group plans to sell off some of its assets (See related articles) doesn’t seem to have impressed the rating agencies. Both A.M. Best and...
AIG to Sell 3 Japanese Life Insurance Companies
Oct 6 2008 // Embattled insurer American International Group Inc. said it will sell three of its Japanese life insurance businesses. As part of its effort to pay off a massive U.S. government loan, AIG has decided to unload Alico Japan,...
Some See Spitzer Role in AIG Crisis
Oct 6 2008 // Spitzer forced Greenberg out of the company he built over nearly 40 years. Lost by many in the financial markets’ nightmare were ghosts of Wall Street past. Some are blaming the historic $85 billion federal bailout...
New York to Oversee AIG Sales; Regulate Credit Swaps as Insurance
Oct 6 2008 // New York State Insurance Superintendent Eric Dinallo, who heads a national panel of state regulators overseeing possible sales of assets by American International Group (AIG), has asked an investment advisory firm to...
Lawmaker Calls for AIG Internal Documents
Oct 6 2008 // Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked the new chief executive officer at American International Group Inc. to give his committee internal documents related to...
Praise for N.Y. Insurance Chief Dinallo
Oct 6 2008 // New York officials helped giant insurer American International Group Inc. strike the historic loan deal with the Federal Reserve that is keeping AIG afloat. Gov. David Paterson called it “great news” that will...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Chicago’s Mayor Hits AIG Bailout; Other Midwest Officials More Positive
Oct 6 2008 // Midwestern reaction to a proposed bail out of insurance giant American International Group (AIG) has been varied. In Chicago Mayor Richard Daley is not happy about the Federal Reserve Bank’s decision to provide an...
Declarations
Oct 6 2008 // Federal vs. state—AIG “This argument is fundamentally flawed because it is based on a totally inaccurate assumption of facts. First and foremost, AIG is not an insurance company; it is a federally-regulated holding...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group —...
Lawmaker Calls for AIG Internal Documents
Oct 6 2008 // Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked the new chief executive officer at American International Group Inc. to give his committee internal documents related to...
Call for AIG Internal Documents
Oct 6 2008 // Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked American International Group Inc.’s new CEO to give the committee internal documents related to events that...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group —...
Hank You Very Much
Oct 6 2008 // These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too...
