AIG
Latest AIG News
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NY Court: Case Against Ex-AIG Execs Can Continue
his effort to bar two former American International Group Inc . executives from participating Spitzer. The lawsuit claims former AIG CEO Maurice "Hank" Greenberg federal class action lawsuit by AIG shareholders was settled.
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Dead Being Billed for Life Insurancecontinued billing customers for life insurance long after they were dead. The companies--including such household names as AIG , Hartford, John Hancock, Met Life, Prudential, Transamerica and TIAA-CREF-- have agreed to a multi-state settlement
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New Cancer Treatments Boost Drug Firms
bill for their huge bailouts. Now both AIG and General Motors are set to rejoin the 2009, General Motors faced liquidation. AIG received $182 billion in government funds the financial system if they collapse. AIG and some other firms fall into this group
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Web Extra: Read an Excerpt of David Stockman's New Bookbubble finally burst in September 2008, AIG 's credit default insurance was shockingly all hazards. Accordingly, the bailout of AIG was first and foremost an exercise in stabilizing contagion would ripple out from the corpus of AIG , bringing disruption and job losses to
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S. Dakota Workers' Comp Claim for Mom Slain on Job Tests LawTassler's father, Ronald Voeller, is suing British-owned HSBC, his daughter's former employer in Sioux Falls, as well as AIG , which insures the bank for workers' compensation costs. If the court grants the appeal, Tassler's children would be entitled
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Doctors Take Half Boy's Brain to Stop 100 Seizures a Dayminutes later, I heard this animal scream and he was in grand mal seizure," said Parrent, 51, a senior managing director at AIG . "Up to that point he had been a perfectly healthy boy. It was absolutely terrifying." The event in January 2011 lasted
News
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RIM Plots a Blackberry Comeback
last year to raise pay for executives at AIG , General Motors and Ally Financial. Of One raise, for the CEO of a division at AIG , was for $1 million. The three firms 250 billion from the bailout fund. Only AIG has fully repaid its $182 billion bailout
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New Ban on Risky Home Mortgage Loans
the 2008 crisis was the massive taxpayer-funded bailout of AIG . The board of the insurance giant has decided not to join in terms when it rescued the firm. The suit was first brought by AIG 's former longtime leader Maurice Greenberg. In a memo to employees
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The Note's Must-Reads for Thursday, January 10, 2013
looming budget fight. LINK AIG Politico's Ben White Lee and Anna Palmer: " AIG backs down, won't Washington and elsewhere, American International Group 's board of directors the company from ruin. AIG took a $182 billion
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AIG Won't Join Former CEO's Lawsuit Against the GovernmentAIG decided today not to join former CEO Maurice in 2008. During a board meeting Wednesday, AIG said it refused a demand by Greenberg's Starr claims itself nor permit Starr to pursue them in AIG 's name." "America invested in 62,000
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US Officials: China Refuses to Help Stop Investment Scamsthat was accused of exaggerating its timber holdings. Starr International Co., a firm run by former American International Group CEO Maurice "Hank" Greenberg, sued China MediaExpress Holdings Inc. after he said he was deceived by
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The Note's Must-Reads for Wednesday, January 9, 2013
constructive way to cap the costly, unpopular war. LINK AIG Politico's Ben White and Anna Palmer: " Washington's jaw drops at possibility of AIG lawsuit " Remember when AIG took a $182 billion bailout only to turn around and
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PM Note: NRA to Meet Joe Biden, Diane Sawyer and Gabbrielle Giffords, Remembering Richard Ben Cramer
abcn.ws/U19s2E (Shushannah Walshe) AIG May Join Suit Over US Bailout -Saved from massive bailout, the insurance company AIG is now considering joining a lawsuit against interest rates and billions in payments to AIG 's Wall Street clients. The New York Times
Videos
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AIG Executive Bonus Blowuparound the insurance firm AIG the company that was. Saved The anger stems from the American International Group revelation that it will shell Washington. And now for more on AIG in the state of the government when you have an example like AIG . Receiving a nearly a 170
should be fired not awarding of bonuses. The anger stems from the American International Group revelation that it will shell out 165. Million dollars in executive bonuses because of contractual obligations. This is the same company that -
Market Rallies, Despite AIG Fearstoday. What would become of AIG . A massive insurance company probably never heard out. AIG . Plays a very important role cannot be allowed to fail. American International Group is not your traditional insurance to fortune 500 companies. AIG sells everything from car
Street on new drama -- center stage today. What would become of AIG . A massive insurance company many Americans have probably never heard out. AIG . Plays a very important role in the US and world economy. It's only now that I think a lot of people are beginning to realize it but it is critical it cannot be allowed to fail. American International Group is not your traditional insurance company. It employs more than 100000. People in 130. Countries around the globe including the US Europe the Middle East and China. It's 74 million customers a range from individuals to small businesses to fortune 500 companies. AIG sells everything from car insurance to life insurance to property insurance. Covering oil rigs from hurricanes and mom and pop shops from slipping faults. But what got AIG into trouble was the insurance it's sold financial institutions against their investments in the mortgage market. You can call -- insurance we can also call it a bad and Wall Street today in another round of emergency meetings at the New York Federal Reserve. The government tried to convince Goldman Sachs and JPMorgan to offer AIG a line of credit big enough to keep its business Scully. But they refused. New York governor David Paterson told us it's now up to a reluctant government to keep AIG from failing. When you look at the tentacles of AIG how far -- stretches around our country into the home into the small business into the car. Into the individual then as -
AIG on the BrinkAIG it is as you said a huge night on Monday. Think American International Group is the country's largest Is there a sense that AIG is too big to fail. If governor of New York where AIG is based is now getting
go to sleep on Friday night on Monday. Think -- -- -- American International Group is the country's largest insurance company with a 100000 employees and seventeen million customers. It tumbled 60%. Monday to its lowest stock price ever after making some huge in risky investments and things like sub prime mortgages. Is there a sense that AIG is too big to fail. If there's a company that seems to beg to outright fell -- would probably qualify the governor of New York where AIG is based is now getting involved this is a very serious situation. And now the federal government is working with -- executives from other major financial firms to come up with a multi billion dollar loan to keep AIG afloat. Because failure could spread even more panic in the market and it might hurt AIG's insurance customers is -- she goes down. And I have my life insurance through AIG -- it lose it. There's a remote chance that if AIG went down entirely. In other words there's zero value here for anybody yes insurance policy goes down. Meantime investors are watching them -
AIG Gets a Loantheir 85 billion dollar loan to AIG Tuesday night the Federal Reserve you look. At the tentacles of AIG how fared stretches around our financial system. How big is American International Group or AIG . The company is more than a
Underlying product for the entire the entire financial system. How big is American International Group or AIG . The company is more than a 100000 employees and 130 countries around the globe. It's 74 million customers range from individuals to fortune 500 companies. Still some economists blame AIG for selling insurance to financial institutions making risky bets in the housing market you can call it insurance we can also call -
Economists Analyze the Marketfate of insurance giant American International Group shares plummeted today fate of insurance giant AIG What does the latest the large positions that AIG provides insurance to a lot of banks. If AIG can't provide the insurance
We'll all eyes are on the fate of insurance giant American International Group shares plummeted today after the insurers ratings were cut. Fueling concerns it -- further upset global financial systems by filing for bankruptcy. -
Bailout Backlash: Insurance Company AIG Considering Lawsuit Against Governmentreally possible that the insurance goliath aig may sue the u.S. Government, less than fact, as one economist put it today, if aig sues the government now after that giant for saving their life. Insurance giant aig , bailed out by the american taxpayer
for american tax payers. Is it really possible that the insurance goliath aig may sue the u.S. Government, less than five years after taxpayers saved the insurance company from bankruptcy? Abc's david muir is here with the story. Reporter: This is really something, diane. In fact, as one economist put it today, if aig sues the government now after that giant taxpayer bailout, it would be the equivalent of a patient suing their doctor for saving their life. Insurance giant aig , bailed out by the american taxpayer, just days ago launching this brand new marketing campaign, with three simple words. Thank you america. Thank you america. Thank you america. Reporter: But now, after thanking america, it turns out aig might sue it. How do you say thank you america and then turn around and consider suing america? That's the fascinating thing.for the american people. Reporter: But as those ads play on tv, aig is now deciding whether to sue the federal government. The claim? That the terms of the bailout, that taxpayer rescue, actually hurt shareholders. In part, arguing the interest charge on that government rescue money was too high. Tonight, the new york fed telling us, "there's no merit to this suit," saying, "back then, aig's board of directors had an alternative choice and that choice was bankruptcy." Had there not be taxpayer help, had there not been a bailout, what would the sharehold earls have now anyway? Possibly zero. Reporter: A $25 billion lawsuit has been filed by aig's former ceo hank greenberg. Aig issued a statement saying under law, they must consider the suit. It is their obligation, in their worlds, to determine what's in the best interest of the company. I did ask to interview some of those aig employees, saying thank you america, diane, the company today declining our request. I bet that company gets an earful. Thank you so -
AIG Breaks Promise, Doesn't Return Bonus MoneyDifferent kind of storm one brewing over AIG the insurance giant taxpayers bailed out those huge bonuses. It today when we heard AIG hasn't kept its promise to pull back huge there was fury. Immediately promise from AIG executives to give that 45 million in net
Different kind of storm one brewing over AIG the insurance giant taxpayers bailed out company which then promise to return 45 million from their executive bonus money but today we learned they haven't. So David her went straight to the government pays are for an answer on accountability Davis. -- as you know the Obama administration -- that -- -- to keep watch over our taxpayer money to make sure it's not being spent on those huge bonuses. It today when we heard AIG hasn't kept its promise to pull back huge bonuses -- already paid. We get on the phone. You'll recall was taxpayers to the rescue for EIG more than 120 billion dollars -- So when taxpayers were huge bonuses paid out after the government saved the company there was fury. Immediately -- promise from AIG executives to give that 45 million in net bonus money. -- to date we've seen only a fraction of it. Called AIG it -- ignored ABC news is there anyone -- can talk was about -- bonus money. -- that line currently inherit it back to -- But we can hold -- official did get on the line they told us no comment on the conversation was over money. So -- -- called the Obama administration's pay czar Kenneth Feinberg to ask him has AIG been let off the hook. On that 45 million -- promise to pay the government back to the last number we gotwhen He himself just approved a huge pay package. Ford executive at AIG four point three million dollars in cash and stock. Get the company's fortunes -- that straw might be workforce. And Feinberg was
