Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Rep. Frank: Might Be Time To Fire Some People At AIG
Mar 16 2009 // Amid simmering outrage over $165 million in bonuses paid to executives at ailing AIG, Representative Barney Frank said Monday it may be time to fire some people at the insurance giant. “These people may have a right...
AIG’s European Bank Payments, Bonuses Spark Political Outrage
Mar 16 2009 // Goldman Sachs Group and a parade of European banks were the major beneficiaries of $93 billion in payments from American International Group — more than half of the U.S. taxpayer money spent to rescue the massive...
AIG Bank Payments – Is the Media Missing the Point?
Mar 16 2009 // The Reuters article does basically explain that AIG made payments to Goldman Sachs and “foreign” banks, but it becomes a bit confusing as to why those payments were made. It also muddies the waters with a lot...
Obama Urges All Legal Means to Stop AIG Bonuses
Mar 16 2009 // President Barack Obama told Treasury Secretary Timothy Geithner to take all legal measures to block hefty bonuses awarded to employees of AIG , the insurance company that received up to $180 billion in bailout money, a...
Divorce AIG Style
Mar 15 2009 // Like spouses granted a divorce, AIG’s property/casualty insurance executives are relieved and excited about their newfound freedom. AIG is letting them form their own independent company called AIU Holdings. No...
AIG Agrees to Revamp Bonus Structure
Mar 15 2009 // Embattled insurer American International Group agreed to revamp its bonus structure Saturday after Treasury Secretary Timothy Geithner objected to its plans to pay out substantial sums for 2008, Obama administration...
AIG Collapse Effect on Life Insurance Sector Overstated: Analysts
Mar 13 2009 // AIG’s recent claims that its collapse could threaten not just banking counterparties but also decimate the broader U.S. life insurance industry are alarming but also largely unproven. The contention was made in a...
AIG Bailout Good For Goldman Sachs, Other Banks But Not For Investors
Mar 11 2009 // The $173 billion government rescue of American International Group Inc. is stoking resentment among investors who see it as a backdoor taxpayer bailout of Goldman Sachs Group Inc. and other banks. Six months after the...
AIG Loses Reinsurance Executive to Greenberg’s Starr Company
Mar 10 2009 // AIG senior reinsurance executive Charles Dangelo has left the insurer to join a company run by its former CEO Maurice “Hank” Greenberg. Dangelo joins the growing number of executives who have left American...
Who Got AIG Bailout Funds? Partial List of Firms Published
Mar 9 2009 // Where, oh where, did AIG’s bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published. The Wall Street...
How AIG Fell Through the Regulatory Cracks
Mar 9 2009 // U.S. lawmakers blasted state and federal regulators for dodging blame and keeping secrets after the failure of insurance giant American International Group Inc., which now has access to more than $170 billion in taxpayer...
Divorce, AIG Style
Mar 9 2009 // Like spouses granted a divorce, AIG’s property/casualty insurance executives are relieved and excited about their newfound freedom. AIG is letting them form their own independent company called AIU Holdings. No...
Declarations
Mar 9 2009 // Tools to Intervene “The Texas insurance companies remain well-capitalized. … There has been no bankruptcy filing by the parent company. In the event of any changes in the status of the parent company, our state...
Spinning Off, Not Out of Control
Mar 9 2009 // The new AIU will start out with $45 billion in total revenues — enough to be a Fortune 54 company all by itself. State insurance regulators, like Texas Insurance Commissioner Mike Geeslin and Louisiana’s...
Declarations
Mar 9 2009 // Dear Shareholders “It will be interesting to see if Buffett himself has learned lessons he might not have learned in his long career. … Berkshire got hit in four ways. Falling stock prices, the put options,...
Federal Reserve in Uncharted, Risky Territory with AIG Investment
Mar 9 2009 // The U.S. Federal Reserve, by taking an equity stake in American International Group, is moving further into uncharted territory and may be risking potentially large investment losses and its independence. As part of the...
Analysis: AIG Meltdown Has Roots in Greenberg Era
Mar 9 2009 // Maurice “Hank” Greenberg’s legacy as the man who built AIG into the world’s largest insurer was tarnished by a 2005 probe but questions about whether he created a financial monster that subsequently...
Senators Demand Details, Officials Admit Regulatory Gaps on AIG
Mar 6 2009 // U.S. regulators failed to spot how much risk insurer AIG was piling on, and by the time they understood, they had no choice but to pour in tens of billions of public dollars, officials said Thursday. At a Senate Banking...
U.S. Lawmaker Says AIG Failure Would ‘Bring Down Europe’
Mar 6 2009 // The U.S. government rescued giant insurer American International Group in part because its collapse would dramatically hurt European banks, a senior Democratic lawmaker said Thursday. The U.S. government has bailed out AIG...
U.S. Federal Reserve Won’t Name Firms Helped By AIG Bailout
Mar 6 2009 // The U.S. Federal Reserve refused to identify trading partners benefiting from a $180-billion taxpayer bailout of American International Group as one lawmaker said Europe’s financial stability was at stake in the...
