Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Large AIG Share Sales on Track This Year: Source
Jan 11 2011 // American International Group Inc. shares are expected to settle back to a level in the mid-$40 range once the company’s recently approved warrants begin trading, a person familiar with the situation said Monday. But...
AIG Set to Announce Sale of Taiwan Life Unit
Jan 11 2011 // American International Group Inc. could announce as early as Wednesday the sale of its Taiwan Nan Shan Life unit to conglomerate Ruentex Group for up to $2.5 billion, according to Taiwan newspapers. The reports could not...
Liberty Mutual Continues Fight with AIG As Other Insurers Settle
Jan 10 2011 // American International Group has negotiated a $450 million settlement with seven of its competitors in the protracted litigation over its questionable reporting of workers’ compensation premiums. But the long-running...
AIG Recapitalization Could Happen Next Week
Jan 7 2011 // The recapitalization of bailed-out insurer American International Group Inc. is likely to close next week, a person familiar with the matter said Friday, as AIG shares touched fresh highs on news it was getting closer to...
Kansas to Receive $500K in AIG Workers’ Comp Settlement
Jan 6 2011 // A signed legal settlement with American International Group will net the State of Kansas general fund $500,000, according to Sandy Praeger, Commissioner of Insurance. “The AIG settlement for Kansas was part of a...
Former AIG Employee Sues Accounting Firm, Board Over Audits
Jan 5 2011 // A former employee of American International Group has filed a lawsuit claiming that PricewaterhouseCoopers was negligent in its audits of AIG and that the board of the bailed-out insurer failed to pursue a claim against...
AIG Receives Alternative Proposal for Taiwan Unit
Jan 4 2011 // American International Group’s protracted sale of its Taiwan unit was further complicated Tuesday when a local company proposed buying a stake in the insurer, an offer that may please regulators but runs counter to...
Test Your 2010 Insurance News IQ: 25 Questions
Dec 31 2010 // Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by...
AIG, Chartis Sign $4.3 Billion Credit Agreements
Dec 28 2010 // Bailed-out insurer American International Group took another step toward winding down its U.S. government support Monday by securing $4.3 billion of bank credit lines, and company shares surged. AIG’s shares closed...
Minnesota to Recieve More Than $2M in AIG Settlement
Dec 28 2010 // The Minnesota Department of Commerce said it stands to receive more than $2 million in its share of a $146 million settlement with American International Group over misreporting of workers’ compensation insurance...
WSJ Reports AIG Nearing Nan Shan Buyer
Dec 23 2010 // Bailed-out insurer American International Group Inc is close to picking a preferred bidder for Taiwanese life insurer Nan Shan, the Wall Street Journal reported Wednesday. But a person familiar with the situation, who...
AIG to Pay States $146 Million In Workers Compensation Settlement
Dec 23 2010 // American International Group Inc. (AIG) has agreed to pay $146.5 million in fines and additional taxes to state insurance regulators for alleged under-reporting of premiums to states more than a decade ago. The company...
SPECIAL REUTERS REPORT: Inside AIG’s Tortuous Turnaround
Dec 22 2010 // During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on...
U.S. Treasury Plans 2 Large AIG Stock Sales in 2011
Dec 21 2010 // The U.S. Treasury Department plans to sell a large piece of its stake in American International Group in two stock offerings next year, officials briefed on the situation told Reuters. It would sell any remaining stock in...
Best Affirms AIG, Domestic P/C and Life Subsidiaries Ratings
Dec 21 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health subsidiaries of American International Group, Inc. as well as the ICR of...
U.S. Treasury’s AIG Fix-It Man Ready for Next Assignment
Dec 21 2010 // Jim Millstein is no stranger to troubled companies. With a long career as a bankruptcy lawyer and former head of Lazard Ltd’s restructuring practice, he’s done his share of turnarounds. But nothing prepared him...
AIG Logo Returns to ID Cards as Security Concerns Lessen
Dec 13 2010 // Bailed-out insurer American International Group Inc. took another step in its restructuring this week, but it is only noticeable to those looking closely: it put the company’s logo back on employee identification...
Treasury to Cut Government Stake in AIG in Big Stock Sale
Dec 9 2010 // The U.S. Treasury plans to sell about one-fifth of insurer AIG through a stock offering in the first half of 2011, an important test of the government’s ability to profitably exit one of its most controversial...
AIG Mulling Second Debt Offer
Dec 3 2010 // American International Group is considering another debt offering after the success of its $2 billion sale earlier this week, Chairman Steve Miller said on Thursday. In an interview at The Deal’s Deal Economy...
AIG Debt Sale Shows Insurer Still Under Pressure
Dec 2 2010 // AIG may be getting healthier, but it hasn’t fully recovered. When AIG sold $2 billion of debt on Tuesday, it had to offer fat interest payments to investors. The extra yield it paid over Treasuries, a measure of how...
