AIG in Talks to Sell Aircraft Leasing Unit ILFS to AerCap December 13, 2013 Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, according to reports....
AIG to Open $5.5M Tech Center, Bring 230 New Jobs to Charlotte, N.C. December 11, 2013 North Carolina officials announced American International Group will invest more than $5.5 million to establish a technology center in Charlotte,...
AIG Using Science to Define ‘Broker Quality Index,’ Not Following Market: Benmosche November 6, 2013 By Susanne Sclafane Property/casualty insurance brokers who aren’t diligent about the accounts they’re presenting to American International Group risk being discovered through one...
Talent War Continues: XL Hires AIG’s Miller to Oversee Global P/C Claims November 4, 2013 XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, hired David Miller as senior vice president and...
Judge Dismisses Suit Against Bank of America For Not Disclosing AIG Claims November 4, 2013 By Jonathan Stempel Bank of America Corp. has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a...
AIG’s Q3 Profit Advances 17% to $2.17B; Property/Casualty Sales Decline November 1, 2013 By Noah Buhayar and Zachary Tracer American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent...
Premium Finance Firm to Pay $160K for Prematurely Canceling Mass. Auto Policies October 17, 2013 A New York-based premium financing provider has agreed to pay $160,000 to resolve allegations that it illegally cancelled certain financed...
AIG Launches Product Recall Estimate Service, Raises Contaminated Product Limits October 16, 2013 In response to the growing financial impact and frequency of product recalls for food and beverage manufacturers, distributors and importers...
AIG Sued by Small Businesses Over Workers’ Compensation Reporting October 10, 2013 By Don Jergler and Young Ha Class action lawsuits in federal courts on both coasts have been initiated on behalf of small businesses in California, New...
Insurer, Cargo Firm Sue FAA Over Payments for Military Crash in Afghanistan October 3, 2013 By Andrew Zajac National Air Cargo Group Inc. and its insurer sued the U.S. for breach of contract, saying the government failed to...