Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Cracking Under Pressure
Oct 6 2008 // The Chips Fall: Agents, Customers, Competitors Pick Up the Pieces Old, New Business Breaking Away The financial woes of American International Group (AIG), a giant insurer that does considerable business with thousands of...
Lessons Learned from the AIG Crisis
Oct 6 2008 // Insurance Journal‘s exclusive “AIG in Crisis Survey” asked independent agents: What insurance, management, economic, regulatory or other lessons the industry and public should learn from AIG’s...
State Regulators Blast Federal Regulation Advocates Over AIG
Oct 6 2008 // State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal...
Competitors Offer to Fill the Gaps
Oct 6 2008 // There have been some subtle and not-so-subtle moves by competitors in reaction to AIG’s troubles. Navigators Pro increased its capacity for directors and officers (D&O) liability insurance, citing the...
AIG: Picking at the Pieces
Oct 6 2008 // Speculation Abounds as AIG Readies to Sell Off Assets For the moment, giant American International Group (AIG) lives on government life support, for which it’s paying 850 basis points (8.5 percent) over LIBOR,...
Fractured Loyalty: Customer Versus Company
Oct 6 2008 // A producer’s response to request to move AIG business could depend on whether that producer is an agent or a broker. “If the producer is a broker, working only for the client with no agency agreement with the...
AIG to Keep Its Commercial Property/Casualty Insurance, Sell Some Other Units
Oct 3 2008 // American International Group Inc. said it plans to keep its commercial property/ casualty and foreign general insurance businesses, while selling off some life insurance business and seeking alternatives for its securities...
In Focusing on Customer Retention, AIG Vows to Maintain Pricing Discipline
Oct 3 2008 // Financially-challenged insurance giant American International Group is “doing very well in the marketplace” despite contrary rumors and competitors trying to take advantage of its financial situation and it...
State Regulators See No Trickle-Down from AIG Parent to Insurance Units
Oct 3 2008 // State regulators from across the country say that the problems at parent company American International Group are unlikely to trickle down to affect its insurance operations that come under their regulatory...
AIG Soccer Team, Wachovia Arena Among Sponsorships with Identity Crisis
Oct 2 2008 // First the bursting of the dot-com bubble in the 1990s, then the accounting scandals earlier this decade, forced ballparks and arenas around the country to change their names. Enron Field became Minute Maid Park, and names...
AIG’s Japan Unit Gets Capital for Stock Price Fall
Oct 2 2008 // A Japanese insurer that is a unit of troubled American International Group Inc. has received 90.7 billion yen (US$872 million) in additional funds to bolster its financial strength, the company said Tuesday. Alico Japan...
N.Y. Insurance Chief Would Vet Greenberg Bid for AIG Units
Oct 1 2008 // New York Insurance Superintendent Eric Dinallo, charged with overseeing any sales of American International Group Inc.’s insurance units, said Wednesday he would consider bids from former AIG CEO Maurice...
Greenberg Seeks Chance to Bid on AIG Assets Put Up for Sale
Oct 1 2008 // Maurice Greenberg, former chief executive of American International Group, has asked the company’s current chief executive, Edward Liddy, for the chance to bid on AIG assets as the company seeks to repay an emergency...
Broker Uses AIG’s Problems to Create a ‘Super’ Product
Oct 1 2008 // “We hoped we were wrong,” said Peter Taffae, managing director of Executive Perils Inc., of the financial troubles that recently befell American International Group. In early June 2008, Taffae and several of...
Commissioners Warn AIG Policyholders To Be Cautious
Sep 30 2008 // California Insurance Commissioner Steve Poizner and Washington Commissioner Mike Kreidler reaffirmed that insurance companies owned by AIG continue to have the risk-based capital needed to operateand warned policyholders...
AIG Unit Says No Plan to Sell Kazakh Business
Sep 30 2008 // The Kazakh unit of AIG said on Tuesday it had no intention of selling its insurance business in the Central Asian state. On Monday, Kazakhstan’s No.1 insurer Eurasia said it had made a formal offer to buy the Kazakh...
AIG Agrees to Sell 50% Interest in London City Airport
Sep 30 2008 // Amercian International Group is selling its stake in a London airport. Global Infrastructure Partners (GIP) said it has entered into a definitive agreement to acquire AIG-Financial Products’ 50 percent interest in...
Texas Cautions Consumers on Replacement of AIG Policies
Sep 29 2008 // The Texas Department of Insurance (TDI) has issued a statement and answers to some frequently asked questions regarding AIG insurance companies in Texas. “AIG’s Texas insurance companies are currently...
New York Insurance Regulator to Oversee AIG Asset Sales
Sep 26 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 help...
State Regulators Blast Federal Regulation Advocates Over AIG
Sep 26 2008 // State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal...
