How Insurers Would Wind Down If Needed to Avoid Future Bailout July 3, 2014 By Jesse Hamilton and Zachary Tracer American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid...
AIG Responds to Supreme Court ‘Fraud on the Market’ Ruling with D&O Endorsement June 27, 2014 American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy...
AIG Launches Global Commercial Property Coverage for Mid-Market June 18, 2014 The American International Group, Inc. (AIG) insurers have launched a new line of multinational commercial property products and services, including...
New York AG Says AIG’s Lawsuit Is Bid to Hobble Unlicensed Sales Probe May 21, 2014 By Bob Van Voris and Patricia Hurtado New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.’s lawsuit against the state’s top...
AIG Completes $7.6 Billion ILFC Sale to AerCap May 15, 2014 By Julie Johnsson and Zachary Tracer AerCap Holdings NV completed its $7.6 billion purchase of International Lease Finance Corp., creating the largest independent jet-leasing firm and...
AIG, Prudential Financial on Federal Reserve’s List of 15 Firms for Extra Supervision May 4, 2014 By Craig Torres The Federal Reserve released a list of 15 firms that merit an extra layer of supervision because they pose heightened...
Town of Greenwich, Conn., Reaches $2.4M Storm Settlement With AIG May 1, 2014 The town of Greenwich in Connecticut has reached a $2.4 million settlement with its insurance company to cover damage to...
AIG Expands Cyber Coverage to Include Physical Risks from Cyber Events April 23, 2014 AIG has expanded its cyber insurance offering to include property damage and bodily injury exposures. This new cyber offering provides...
N.Y. Regulator Lawsky Sued by AIG Over Probe Into Unlicensed Insurance April 3, 2014 By Bob Van Voris and Zachary Tracer American International Group Inc. sued to block New York’s top financial regulator, Benjamin Lawsky, from fining it over marketing insurance...
N.Y. Regulators Say MetLife Fined $60M, to Cooperate in Probe of AIG March 31, 2014 By Zachary Tracer MetLife Inc., the largest U.S. life insurer, will pay $60 million after New York watchdogs found subsidiaries solicited business in...