Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Federal Reserve Rejects AIG Offer for Mortgage Bonds
Mar 30 2011 // The Federal Reserve rejected a $15.7 billion bid from insurer American International Group for a pool of mortgage-backed securities Wednesday and said it will sell off the bonds over time instead. The news is a blow to...
Louisiana to Receive $6.1M from AIG Settlement
Mar 30 2011 // Louisiana has signed on to a multistate settlement over American International Group’s (AIG) admitted practice of under reporting workers’ compensation insurance premiums. Louisiana is slated to receive...
AIG Ex-CEO Greenberg Loses Bid to Remove Judge from Case
Mar 28 2011 // The judge overseeing New York’s lawsuit against former American International Group Inc. Chief Executive Hank Greenberg denied Monday a motion urging him to quit the case. Greenberg sought to have New York State...
AIG Expects ‘Minimal’ Effects from Japan Claims
Mar 24 2011 // American International Group Inc. said Wednesday it expects “minimal net effects” from the recent earthquake and tsunami on the financial condition of its local Japanese operations, including those of Fuji Fire...
Insurers, Brokers Settle Spitzer-Era Bid-Rigging Case for $37 Million
Mar 23 2011 // Lawyers for a majority of the 15 insurance company and broker defendants in a long-running suit accusing them of bid-rigging are scheduled to be in court today outlining a proposed settlement that will cost them about...
Oregon AIG Settlement
Mar 21 2011 // Oregon will receive about $3.6 million as part of a multi-state settlement with the American International Group over misreporting of workers’ compensation insurance premiums. A two-year examination of AIG and its...
Ex-AIG CEO Greenberg: Judge in New York AG Case Biased
Mar 21 2011 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is...
AIG Estimates $1 Billion in Q1 Catastrophe Losses, Most from Japan
Mar 20 2011 // American International Group Inc. said it would post an estimated $1 billion in pre-tax catastrophe losses in the first quarter, mostly from exposure to the March 11 earthquake in Japan. AIG said its exposure would be...
WikiLeaks Cables Show China Regulator Intervened as AIG Crumbled
Mar 11 2011 // U.S. officials believe China’s insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American firm’s collapse in 2008, according to unpublished diplomatic cables. The...
AIG Offers U.S. Government a $15.7 Billion Buyback
Mar 10 2011 // American International Group offered Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. government took off the bailed-out insurer’s hands during the financial crisis. The announcement...
Oregon to Net $3.6 Million From AIG Settlement
Mar 10 2011 // Oregon will receive about $3.6 million as part of a multi-state settlement with the American International Group (AIG) over misreporting of workers’ compensation insurance premiums. A two-year examination of AIG and...
AIG Has Plan to Protect Tax Assets
Mar 10 2011 // Bailed-out insurer American International Group Inc. set up a plan to protect tens of billions of dollars in valuable tax assets by discouraging investors from taking large new positions in the company. As of year-end, AIG...
Ex-AIG CEO Greenberg: Judge in New York AG Case Biased
Mar 10 2011 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is...
AIG Repays $6.9 Billion More to Taxpayers
Mar 8 2011 // American International Group repaid another $6.9 billion of its bailout Tuesday, the U.S. Treasury said. With that payment, the Treasury said it has now recovered 70 percent of the $411 billion distributed under the...
AIG Names Farber Deputy CFO
Mar 8 2011 // Jeffrey M. Farber has been named senior vice president and deputy chief financial officer by American International Group Inc. (AIG). In this new position, Farber will provide global leadership and coordination for...
Chartis Reserve Charge a Setback in AIG’s Comeback
Mar 7 2011 // Robert Benmosche, chief executive of the bailed-out insurance company AIG, isn’t known to be shy. On a recent earnings conference call, a Goldman Sachs analyst baited him with a question: “If pre-crisis you...
Taiwan Regulator to Rule on AIG Taiwan Unit Sale By End of First Half
Mar 7 2011 // Taiwan’s financial regulator said it will make a decision on American International Group Inc’s sale of local unit Nan Shan Life Insurance Co in the first half of this year. The Financial Supervisory Commission...
AIG Names Farber as Deputy CFO
Mar 4 2011 // AIG has named Jeffrey M. Farber as senior vice president, deputy chief financial officer. Farber oversee AIG’s controllership and accounting policy functions, as well as the firms’ global tax department. Farber...
U.S. Treasury Expects $6.3 Billion from AIG’s MetLife Sale
Mar 3 2011 // American International Group Inc. sold $9.6 billion worth of MetLife Inc. shares on Wednesday, producing gross proceeds of about $6.3 billion to accelerate its payback of U.S. Treasury bailout funds. AIG and the Treasury...
UPDATE – Treasury Expects $6.3 Billion from AIG’s Metlife Share Sale
Mar 3 2011 // American International Group sold $9.6 billion worth of MetLife Inc shares on Wednesday, producing gross proceeds of about $6.3 billion to accelerate its payback of U.S. Treasury bailout funds. AIG and the Treasury said a...
