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...
AIG Not Renewing Reinsurance with Rival Berkshire: Source September 11, 2013 By Noah Buhayar and Zachary Tracer American International Group Inc. has decided against signing new reinsurance contracts with Berkshire Hathaway Inc. after Warren Buffett’s company started...
AIG to Get $905 Million From Brookfield to End Rate-Swap Dispute August 26, 2013 By Noah Buhayar and Zachary Tracer American International Group Inc., the insurer that repaid a U.S. rescue last year, agreed to accept $905 million from Brookfield...
AIG Expands D&O Side A Capacity to $100 Million August 16, 2013 American International Group, Inc. (AIG) is has increased its global Side A directors and officers (D&O) liability insurance to $100...
New York City Prep School Sues AIG Insurers Over Denial of Abuse Coverage August 7, 2013 By Chris Dolmetsch, Bloomberg New York City prep school Horace Mann sued units of American International Group Inc. saying they refused to defend and...