Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Seeking Resolution of SEC, DJ Investigations
Oct 26 2004 // In a brief announcement American International Group said it intends “to seek a prompt resolution of outstanding issues with the Securities and Exchange Commission [See IJ Website Oct. 5 for details] and the United...
AIG Launches Equipment Finance, Leasing Company
Oct 26 2004 // American International Group, Inc. announced the formation and launch of AIG Commercial Equipment Finance, Inc. (AIG CEF), a new equipment finance and leasing company headquartered in Plano, Texas. “AIG CEF, a member...
Japan: Powerful, Beleaguered and Consolidating
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
Agents Watching Spitzer Broker Fraud Charges Closely
Oct 25 2004 // Some worry the probe could move beyond public brokers and large commercial risks. New York Attorney General Eliot Spitzer’s filing on Oct. 14 of charges against giant insurance broker Marsh for alleged commercial...
N.Y. Attorney General Spitzer Sues Marsh Over Contingent Commissions
Oct 25 2004 // New York Attorney General Eliot Spitzer on Oct. 14 sued Marsh & McLennan Companies, the nation’s biggest insurance brokerage firm, alleging that it steered clients to insurers with whom it had lucrative...
AIG Target of Federal Grand Jury Investigation
Oct 21 2004 // American International Group Inc. (AIG) announced on Thursday it has been informed by the United States Attorney for the Southern District of Indiana that it is a target of a federal grand jury investigation. According to...
AIG Unveils Q3 Numbers, Notes Storm Impact
Oct 21 2004 // American International Group Inc. (AIG) on Thursday reported third quarter 2004 net income of $2.51 billion or $0.95 per share, compared to $2.34 billion or $0.89 per share in the third quarter of 2003. Third quarter 2004...
‘No Immediate Rating Actions’ on AIG, ACE, Hartford, Says S&P
Oct 19 2004 // Standard & Poor’s Ratings Services said on Friday that it is taking “no immediate rating actions” on the three companies – American International Group Inc. (AAA/Stable/A-1+), ACE Ltd....
Impact of Spitzer Broker Fraud Charges Felt at Marsh and Beyond
Oct 18 2004 // New York Attorney General Eliot Spitzer’s filing last Thursday of charges against giant insurance broker Marsh for alleged commercial account steering and bid rigging has already had significant impact on Marsh and...
AIG’s Greenberg Expects More Transparency, Not Material Impact from Brokerage Charges
Oct 15 2004 // AIG Chairman Maurice Greenberg today said he does not think the charges brought by New York Attorney General Eliot Spitzer against giant insurance broker Marsh McLennan will hurt his company’s business but that they...
AIG Reports on Hurricane, Typhoon Losses; $500-$515 Million After Tax Net Losses Expected
Oct 14 2004 // American International Group Inc. (AIG) has issued an estimate of its total expected losses relating to Hurricanes Charley, Frances, Ivan and Jeanne, and Typhoons number 16 (Chaba), 18 (Songda) and 21 (Meari) in Japan. AIG...
New York AG Sues Marsh Over Contingent Commissions, Cites Insurers Over Alleged Bid-Rigging
Oct 14 2004 // New York Attorney General Eliot Spitzer on Oct. 14 sued Marsh & McLennan Companies, the nation’s biggest insurance brokerage firm, alleging that it steered clients to insurers with whom it had lucrative...
AIG’s Greenberg: Industry Faces Trouble with Congress on TRIA; Some Pursue ‘Graveyard’ Strategy
Oct 12 2004 // The insurance industry has difficulty convincing Congress about the significance of its business and some of its own leaders about the pitfalls of overly-aggressive price competition, according to one of the world’s...
AIG Excess Casualty Introduces New Broker Initiative for Commercial Umbrella Producers
Oct 7 2004 // AIG Excess Casualty(R), a division of the property and casualty insurance subsidiaries of American International Group, Inc., announced the launch of AIG ExcessAdvantage, described as “a new program designed to...
SEC Alleges AIG Press Releases on PNC Affair Could Violate Securities Laws
Oct 5 2004 // The Securities and Exchange Commission has warned American International Group that it is considering recommending that a civil action be brought against AIG alleging violations of the federal securities laws with respect...
Mass. Indicts ‘Big Dig’ Workers for Comp Fraud
Oct 4 2004 // Four men, including three “Big Dig” workers, were indicted last week in Massachusetts in unrelated cases for allegedly receiving workers compensation payments totaling more than $300,000 while holding down...
AIG Domestic Claims New IntelliRisk NetSource-R- 6.0
Sep 28 2004 // The Primary Claims division of AIG Domestic Claims, a division of the AIG Companies, has announced the launch of IntelliRisk NetSource(R) 6.0, an enhanced version of the leading web-based claims analysis and inquiry...
AIG Served with SEC Civil Action Notice Regarding Possible Violations of Federal Securities Laws
Sep 22 2004 // American International Group, Inc. announced that AIG and its subsidiary AIG Financial Products Corp. (AIGFP) have received a “Wells Notice” from the Staff of the Securities and Exchange Commission (SEC). The...
Starr Foundation to Donate $1 Million to Hurricane Charley Relief Efforts
Aug 24 2004 // An announcement from American International Group notes that the Starr Foundation will donate $1 million to the Hurricane Charley relief effort. “The donation, which will be managed by the Volunteer Florida...
AIG Offers Corporate Flight Workers’ Comp Coverage
Aug 24 2004 // AIG Aviation Inc., a member company of American International Group Inc. (AIG), announced that it is now offering Specialty Workers’ Compensation coverage to meet the growing need of employers who place separate...
