Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG to Revive AIG Name; Drop Chartis, SunAmerica Names: Reuters
Jun 28 2012 // Bailed-out insurer American International Group Inc. will resume using its brand name in public in a move to recognize the company’s turnaround, Chief Executive Bob Benmosche said on Thursday. AIG, which received...
White Mountains to Acquire 2 Runoff Subsidiaries From AIG Division
Jun 28 2012 // White Mountains Solutions Holding Co., a specialist runoff acquisition operation for White Mountains Insurance Group Ltd., is continuing its acquisition activities. White Mountains Solutions said it has entered into an...
Former AIG, General Re Execs Admit to Reinsurance Fraud, Pay Fines
Jun 25 2012 // Five former executives of American International Group Inc. and Berkshire Hathaway Inc. unit General Reinsurance admitted to conducting a fraudulent reinsurance transaction on Friday as part of a deal to end a years-long...
Deal Reached in AIG, General Re Executives’ Fraud Case
Jun 22 2012 // A deal has been reached to prevent a new criminal fraud trial for former executives of American International Group Inc. and Berkshire Hathaway Inc. unit Gen Reinsurance, federal prosecutors said on Friday. “The...
AIG Names Executive Chairman for ILFC as CEO’s Relationship Reviewed
Jun 22 2012 // American International Group has appointed Laurette Koellner to the newly created role of executive chairman for its aircraft-leasing unit, International Lease Finance Corporation (ILFC).Aviation industry veteran Laurette...
AIG Pays Massachusetts $3.4M in Multi-State Workers’ Comp Settlement
Jun 22 2012 // Massachusetts Insurance Commissioner Joseph Murphy announced Thursday that the state received more than $3.44 million as its share of a 50-state settlement with the American Insurance Group. Commissioner Murphy stated that...
Connecticut Receives $1M in Multi-State AIG Workers’ Comp Settlement
Jun 19 2012 // Connecticut Insurance Commissioner Thomas Leonardi announced Monday that the state has received just over $1 million in fines and penalties from American International Group Inc. as part of a multi-state settlement over...
States Collecting on $146 Million AIG Workers’ Comp Settlement
Jun 18 2012 // State regulators around the county are finally collecting their share of a multimillion dollar settlement reached with American International Group (AIG) in 2010 based on the company’s misreporting of workers’...
Declarations – Southeast
Jun 18 2012 // Saving Face “Our expectation is that every firm will receive some measure of cash and that every firm will receive their full accommodation by year end if current trading patterns persist.” —Nasdaq’s...
States Collecting on $146M AIG Workers’ Comp Settlement
Jun 18 2012 // State regulators around the county are finally collecting their share of a multimillion dollar settlement reached with American International Group (AIG) in 2010 based on the company’s misreporting of workers’...
AIG’s Benmosche: Chartis May Readopt AIG Brand
Jun 18 2012 // Here is another sign that American International Group executives may be feeling bullish about the company’s future prospects — CEO Robert Benmosche said this month that Chartis may readopt the AIG brand name in...
Maryland Collects $2M Fine From AIG Workers’ Comp Dispute Settlement
Jun 15 2012 // The Maryland Insurance Administration said Thursday that regulators collected $2,022,805 in penalties from American International Group as part of a multi-state settlement.Insurance Commissioner Therese Goldsmith said that...
Last Loans Used to Buy AIG, Bear Stearns Assets Repaid: Fed Reserve
Jun 15 2012 // The Federal Reserve Bank of New York said on Thursday the last of its loans made to acquire risky assets from AIG and Bear Stearns during the financial crisis have been paid off with interest. The Fed bank acquired the...
Mississippi to Receive Nearly $1M in AIG Settlement
Jun 9 2012 // Mississippi’s insurance commissioner says the state will receive nearly $1 million as part of a national settlement over American International Group’s financial reporting for worker’s compensation...
AIG to Pay $15.6 M to Calif. for Underreporting Workers’ Comp Payments
Jun 8 2012 // American International Group Inc. will pay California $15.6 million in penalties to settle allegations that its insurance companies underreported workers’ compensation premiums over several decades. The sum is part...
AIG’s Benmosche Says Chartis May Readopt AIG Brand as Insurer Rebounds
Jun 8 2012 // Here is another sign that American International Group executives may be feeling bullish about the company’s future prospects — CEO Robert Benmosche said this week that Chartis may readopt the AIG brand name in...
AIG’s Chartis Launches Hospitality and Leisure Industry Practice Group
Jun 5 2012 // AIG’s property/casualty division Chartis announced the launch of its hospitality and leisure industry practice group, which will provide specialized insurance and risk management products for the hotel, amusement,...
States Collecting on $146 Million AIG Workers’ Comp Settlement
Jun 5 2012 // State regulators around the county are finally collecting their share of a multimillion dollar settlement reached with American International Group (AIG) in 2010 based on the company’s misreporting of workers’...
AIG to Pay Penn. $16.8M to Settle Probe Over WC Premium Reporting
Jun 1 2012 // Pennsylvania Insurance Commissioner Michael Consedine announced Thursday that American International Group and its workers comp insurance units will pay Pennsylvania more than $16.8 million in fines and assessments. The...
Ex-General Re, AIG Execs May Settle Criminal Case
May 29 2012 // Four former executives at Berkshire Hathaway Inc.’s General Re Corp. and one at American International Group Inc. are in talks to settle a long-running criminal case accusing them of engineering a reinsurance...
