P/C Insurers Rush to Meet Rising Demand for Cyber Insurance October 9, 2014 By Noah Buhayar, Sarah Jones and Zachary Tracer Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by...
AIG Names Fasano to New Chief Information Officer Post September 15, 2014 American International Group Inc. has named Philip Fasano to the newly-created role of executive vice president and chief information officer....
AIG’s Expanded Operations Will Create 300 Jobs in Kansas September 9, 2014 American International Group Inc. held a grand opening Tuesday to celebrate its expansion in Olathe, Kan., which will bring 300...
Two Plead Guilty in Iowa to Defrauding AIG, Face Decades in Prison September 4, 2014 Former Iowa resident Christina M. Pender and California resident Robert K. Taylor have pled guilty to defrauding insurance company AIG...
U.S. Loses Bid to Dismiss $25B Lawsuit Over AIG Bailout August 27, 2014 By Jonathan Stempel A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice...
Viewpoint: Systemically Risky Insurers Merit More Oversight But Not Bank Rules July 29, 2014 By The Editors, Bloomberg Opinion Could Warren Buffett’s Berkshire Hathaway Inc. threaten the stability of the financial system? The U.S.’s top regulators are asking themselves...
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...