Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Minn. AG Sues AIG Rather Than Accept Settlement Worth $1.2M
Feb 22 2006 // Minnesota sued insurer American International Group Inc. last week rather than accept a settlement that could have been worth $1.2 million. Attorney General Mike Hatch said he estimates the state could be owed as much as...
AIG to cover workers’ comp errors
Feb 20 2006 // As part of its record $1.6 billion overall settlement with state and federal officials for fraud and improper accounting, American International Group will pay states $343.5 million for underpayment of workers’...
Record $1.6 billion deal ends litigation, creates ‘new path’ for giant AIG
Feb 20 2006 // State and federal regulators on Feb. 9 announced agreements that resolve litigation and investigations of securities fraud, account steering, bid-rigging, improper accounting and under-reporting of workers’...
AIG affirms ban against contingency compensation
Feb 20 2006 // Producers should no longer expect contingent commissions from American International Group, according to the settlement with New York Attorney General Spitzer and what the company says is its own global policy...
AIG’S RECORD SETTLEMENT
Feb 19 2006 // NEW HIRE TRAINING Discover the ‘missing ingredient’ ‘VALUED PROPERTY’ COVERAGE La., Miss. statutes to be tested CLOSER LOOK: Nonprofit insurers LOUISIANA’S ROBERT WOOLEY On hurricanes and the...
News Currents
Feb 19 2006 // Record $1.6 billion deal ends litigation, creates ‘new path’ for giant AIG State and federal regulators on Feb. 9 announced agreements that resolve litigation and investigations of securities fraud, account...
AIG to cover workers’ comp errors
Feb 19 2006 // As part of its record $1.6 billion overall settlement with state and federal officials for fraud and improper accounting, American International Group will pay states $343.5 million for underpayment of workers’...
AIG affirms ban against contingency compensation; N.Y. insurance chief Mills disagrees with Spitzer
Feb 19 2006 // Producers should no longer expect contingent commissions from American International Group, according to the settlement with New York Attorney General Spitzer and what the company says is its own global policy...
Former Gen Re, AIG Execs Plead Not Guilty to Reinsurance Fraud Charges
Feb 17 2006 // As a federal probe into the insurance industry widens, four former top executives of giants General Re and American International Group are pleading not guilty to fraud and conspiracy charges. The Justice Department has...
AIG Sub Adding Central Insurance
Feb 17 2006 // American International Group Inc. (AIG) reported that a wholly-owned Taiwan subsidiary has reached an agreement with Central Insurance Co., Ltd (Central Insurance) to acquire all of Central Insurance’s outstanding...
AIG Severs Ties with C.V. Starr; Expands Own Global Energy Unit
Feb 17 2006 // American International Group, Inc. announced Friday that its AIG Companies terminated the agency relationship with Starr Technical Risks Agency, Inc. and its subsidiaries (Starr Tech), insurance agencies owned by C.V....
N.Y. Regulator Balked at Spitzer Deal Ending AIG Contingent Pay
Feb 15 2006 // Producers should no longer expect contingent commissions from American International Group, according to the recent settlement with New York Attorney General Spitzer and what the company says is its own global policy...
AIG Auto Insurance Lowers Colo. Rates
Feb 14 2006 // AIG Auto Insurance is implementing a five percent rate decrease in Colorado. The move will lower auto insurance costs on over 10,000 vehicles and resulting in hundreds of thousands of dollars worth of savings for Colorado...
AIG Settlement Includes $343 Million to States for Workers’ Comp Errors
Feb 10 2006 // As part of its record $1.6 billion overall settlement with state and federal officials for fraud and improper accounting, American International Group will pay states $343.5 million for underpayment of workers compensation...
Hupp Named President at AIG Aviation
Feb 9 2006 // American International Group Inc. (AIG) reported that David Hupp has been named president and chief executive officer of AIG Aviation Inc. (AIG Aviation), a wholly owned subsidiary of AIG. Hupp will be responsible for...
Best Reacts to AIG Settlement
Feb 9 2006 // A.M. Best Co. maintains its existing under review status of the financial strength ratings (FSR) of member companies of American International Group Inc. (AIG) following AIG’s announcement that it has reached a $1.64...
New Markets
Feb 6 2006 // Condominium Associations Nuts & Bolts: Philadelphia Insurance Companies is broadening the eligible classes for its condominium product to include office park condominium complexes. Available coverages include...
New Markets
Feb 6 2006 // Condominium AssociationsNuts & Bolts: Philadelphia Insurance Companies is broadening the eligible classes for its condominium product to include office park condominium complexes. Available coverages include property,...
People & Places
Feb 6 2006 // Dianne Morris of Austin, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for 2006-2007. Morris is president of the Association Casualty Insurance Company. She succeeds...
New Markets
Feb 6 2006 // Non-Standard Medical MalpracticeNuts & Bolts: NAS Insurance Services has broadened its non-standard medical malpractice insurance to virtually all physicians specialists — plastic/cosmetic surgeons, emergency...
