American International Group Inc. does not have to cover insurance claims from two former Bernard Madoff clients who sought compensation for their losses under their homeowner’s policy, a federal appeals court ruled on Wednesday. The 2nd U.S. Circuit Court of …
Liberty Mutual said it will continue its legal fight even after a federal judge formally approved a $450 million workers’ compensation class-action settlement between AIG and its rival companies. The class action alleged that American International Group (AIG) and its …
A federal judge has approved American International Group Inc’s $450 million settlement with rival insurers to end litigation accusing AIG of underreporting premiums on workers’ compensation policies. AIG will make the payment after rivals accused it of understating its market …
Bailed-out insurer American International Group is unlikely to add to reserves in the current quarter, though investors may not be convinced the reserves are adequate, Barclays Capital said Tuesday. Barclays analyst Jay Gelb, in a note to clients, said he …
Insurer American International Group lost more than $4 billion in the third quarter, as its aircraft leasing unit took an impairment charge on a portion of its fleet and the fair value of the company’s one-third stake in Asian insurer …
American International Group on Monday repaid $972 million to the U.S. Treasury. The latest repayment brings the insurance giant’s outstanding balance from the 2008 taxpayer-funded bailout down to roughly $68 billion. The government provided AIG with $182 billion at the …
The insurer AIG, the recipient of a huge government bailout during the 2008 financial crisis, named a new CEO and management team for its Chartis global property casualty business on Thursday as part of a reorganization of one of its …
American International Group Inc. said Wednesday it expects “minimal net effects” from the recent earthquake and tsunami on the financial condition of its local Japanese operations, including those of Fuji Fire and Marine Insurance Co., in which AIG holds a …