News

The Greenbergs had steered AIG into the auto-warranty business a few years earlier, viewing that as entree to an emerging $4 billion consumer-finance market.But in a grab for market share, AIG ...
American International Group Inc., the insurer bailed out by the government, will remove AIG from the name of a U.S. auto unit and cut 6.6% of jobs there to boost chances of finding a buyer for ...
Former AIG Chief Executive Hank Greenberg will appeal not just the parts of a federal court ruling that didn’t go in his favor, but is seeking to revive claims that had been dismissed in 2013 ...
AIG Federal Savings Bank and Wilmington Finance settled Justice Department claims that they broke the law by allowing wholesale mortgage brokers to charge higher direct broker fees to black borrowers.
American International Group’s results were weighed down by policyholders’ claims from Asian typhoons, California wildfires and Hurricane Florence in the U.S.
Insurance giant AIG will pay nearly $79 million to the Los Angeles Unified School District to settle a lawsuit over its failure to pay claims on properties with environmental and pollution hazards ...
NEW YORK (CBS.MW) - American International Group on Tuesday substantially raised its estimate for claims stemming from the World Trade Center attacks and disclosed that it expects a large one-time ...
Colonial Pipeline has filed a lawsuit in federal district court against AIG, claiming the insurance company owes it almost $10 million. The explosion followed a leak detected Sept. 9, 2016 in the ...
American International Group Inc., the insurer bailed out by the U.S. government, must face some claims by current and former employees that it invested their retirement funds too heavily in ...
AIG's global property casualty unit will cede up to $3.5 billion in potential asbestos claims to National Indemnity under a retroactive reinsurance deal.
“ AIG Agency Auto is excited to provide another competitive option for New Jersey ’ s independent agents and drivers, ” said Tony Pavia, President of AIG Agency Auto. “ The New Jersey ...
The insurance companies are solvent and will be able to pay claims. But there is a debate about whether the companies could be slower to pay claims.