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...
Secret Service Agent Says Many Cyber Breaches Go Unreported March 7, 2014 By Don Jergler Many breaches in data security may be going unreported by American businesses. That’s according to Kirk Arthur, supervisory special agent...
Fitch Upgrades AIG March 3, 2014 American International Group Inc., the insurer that repaid a U.S. bailout in late 2012, has been upgraded by Fitch Ratings...
AIG Launches Cross-Border Casualty Risk Product for Multinational Companies February 19, 2014 American International Group, Inc. (AIG) has launched its Global Casualty Single Solution (GCSS), a new product to cover cross-border casualty...
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...