Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
$2.7 Billion PPG Asbestos Settlement Puts New Pressure on Insurers
Jun 10 2002 // A year ago insurance consultants Tillinghast-Towers Perrin published a report that global claims settlements and jury verdicts in asbestos related cases could reach $200 billion from over a million claims “before...
AIG Sees 20-25% Growth in China
Jun 7 2002 // American International Group’s CEO, Maurice “Hank” Greenberg, speaking at a news conference in the Chinese capital, Beijing, indicated that the company expects to see revenues from insurance premiums in...
AIG’s American International Companies Retain Clayton Consulting
Jun 6 2002 // American International Group Inc’s. (AIG’s) American International Companies have retained Clayton Consulting to provide crisis response services to its commercial insureds. Formed by Thomas A. Clayton, a...
NAIC, Chinese Regulators to Cooperate as Insurance Ties with China Expand
May 24 2002 // Recent moves have confirmed the reality of the expanding Chinese insurance market. They include an agreement between U.S. and Chinese regulators to share information; an announcement that AIG has been granted a first ever...
Cicada Risk to Provide Outsourcing Services to AIG
May 23 2002 // The Cicada Companies announced an agreement between a subsidiary, Cicada Risk Inc., and American International Group “for the integration, cleansing and feeding of multi-sourced financial data to AIG’s global...
AIG Denies Exposure to U.K. Asbestos Claims
May 16 2002 // Americ an International Group, Inc.. issued a statement denying reports that it has substantial asbestos exposure in the UK, which could be triggered by a pending legal decision. “AIG has virtually no substantial...
Insurance Industry Posts Strong Q1 Gains HOW REAL ARE THEY’
May 13 2002 // After suffering its first ever net loss in 2001,an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002...
Insurance Industry Posts Strong Q1 Gains
May 13 2002 // After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of...
AIG’s Terrorism Meeting Focuses on Security
May 10 2002 // In the words of security consultant Brian Jenkins, “There will be further incidents of terrorism.” Jenkins, speaking at AIG’s “Terrorism: The Cost of Risk” meeting in Los Angeles, described...
Walsh Named President, CEO for AIG’s P/C Unit
May 8 2002 // American International Group Inc. (AIG) named vice president Nicholas C. Walsh president and chief executive of AIU, the company’s international property-casualty insurance organization unit, according to Dow...
AIG Elects Sullivan and Tse as Co-chief Operating Officers
May 2 2002 // American International Group, Inc. (AIG) Chairman M.R. Greenberg announced that the AIG Board of Directors has elected Martin J. Sullivan and Edmund S.W. Tse co-chief operating officers of AIG. In addition, the Board has...
Underground Storage Tanks: Word Leaks Out on Cover Enforcement
Apr 15 2002 // Owners and operators of underground petroleum storage tanks are a diverse lot—from global juggernauts such as ExxonMobil, Texaco, and Shell Oil to mom-and-pop gas stations. But all underground storage tank (UST)...
Power Plants
Apr 15 2002 // Nuts & Bolts: American International Group Inc.’s (AIG) American International Companies have introduced AIG PowerBuild (SM), which provides a comprehensive package of insurance products and services designed...
AIG Member Co. Launches New Insurance Processing Solution for P&C Insurers
Mar 29 2002 // American International Technology Enterprises, Inc. (AITE), a member company of the American International Group, Inc. (AIG) and a provider of insurance systems and solutions, introduced WINS® Digital, web-based...
American International Companies Unveils Program for Construction, Power Facilities
Mar 26 2002 // American International Group, Inc. (AIG) announced that the American International Companies has introduced AIG PowerBuild(SM), which provides a comprehensive package of insurance products and services designed for the...
AIG WorldSource to Help Insureds in Food, Beverage and Packaging Industries
Mar 12 2002 // American International Group, Inc. (AIG) announced that AIG WorldSource, a division of the American International Companies, will offer customized product safety and quality audits provided by NSF-Cook & Thurber, a...
Web Enables Agents to Cut Processing Time for Small Business Accounts
Mar 11 2002 // When the prospect of selling insurance over the Internet first reared its head, one of the initial impressions it left was that it posed a threat to independent insurance agents and brokers. Futurists proclaimed a new...
AIG Wants End to FAA’s War-Risk Coverage for Airlines
Mar 11 2002 // Maurice Greenberg, chairman and CEO of American International Group Inc., has undertaken efforts to persuade the Federal Aviation Administration to stop providing war-risk insurance for ground damage to U.S. airlines,...
Web Enables Agents to Cut Processing Time for Small Business Accounts
Mar 11 2002 // When the prospect of selling insurance over the Internet first reared its head, one of the initial impressions it left was that it posed a threat to independent insurance agents and brokers. Futurists proclaimed a new...
AIG Subsidiaries Sue Reinsurer for Sept. 11 Losses
Mar 5 2002 // A group of subsidiaries of American International Group have filed suit in a Manhattan Court against one of AIG’s catastrophe reinsurers, the American National Insurance Co., for purportedly failing to make payment...
