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AIG CEO Liddy: We don't need more gov't money

May. 12, 2009
American International Group's CEO Ed Liddy is planning to tell Congress his embattled insurance company does not need more bailout money. In testimony he's scheduled to deliver to Congress on Wednesday, Liddy says the New York-based firm "reduced, but not...
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AIG sells $1.2B Tokyo property

AIG sells $1.2B Tokyo property

NEW YORK, May 11 (UPI) -- U.S. insurance giant American International Group Inc. said it had agreed to sell one of the most coveted addresses in Tokyo for $1.2 billion.
Ex-AIG CEO says mess not of his making

Ex-AIG CEO says mess not of his making

WASHINGTON, April 2 (UPI) -- The man who took American International Group from a startup to an insurance leviathan Thursday said he didn't mismanage the company; the U.S. government did.
Ex-AIG CEO says no contracts on his watch

Ex-AIG CEO says no contracts on his watch

WASHINGTON, March 20 (UPI) -- The former head of U.S. insurance giant AIG says he wouldn't have paid the $165 million in retention bonuses that he asserts began after he left.

Geithner, Bernanke to discuss bailout, AIG

WASHINGTON, March 18 (UPI) -- A U.S. House finance committee is calling on two key federal officials to learn more how the money bailing out financial institutions is being used.

AIG giving millions in bonuses

WASHINGTON, March 14 (UPI) -- American International Group Inc., which has received $170 billion in U.S. aid, is handing out millions in bonuses, The Washington Post reported Saturday.
AIG losses record $62 billion in quarter

AIG losses record $62 billion in quarter

WASHINGTON, March 2 (UPI) -- U.S. insurance giant AIG said it lost $61.65 billion in the fourth quarter, a sharp about-face from fourth quarter 2007, when the company gained $5.2 billion.

Munich Re to buy AIG company

HARTFORD, Conn., Dec. 22 (UPI) -- Germany's Munich Re said Monday it will purchase the Hartford Steam Boiler Inspection and Insurance Co. for $742 million.
Federal loan prompts AIG sale

Federal loan prompts AIG sale

NEW YORK, Oct. 3 (UPI) -- Insurance giant American International Group said Friday much of the business was for sale in order to pay off a huge debt to the U.S. government.

CEO says AIG could emerge from rubble

NEW YORK, Sept. 19 (UPI) -- The new chief executive officer of American International Group said he planned to keep as much of the company intact as possible.

Group assembled to sell AIG's assets

NEW YORK, Sept. 18 (UPI) -- New York and Pennsylvania insurance regulators will work with American International Group Inc. to unload the firm's insurance assets, officials said.
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Vietnam Veterans Memorial Commemorated in Washington
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A U.S. Air Force B-52 flies over the Vietnam Veterans Memorial during commemoration of 50th anniversary of the war on May 28, 2012 in Washington, DC. President Barack Obama is at the base of the wall left center. More than 58,000 names of the servicemen who were killed or missing in the war are engraved on The Wall. The B-52 bomber was used extensively during the Vietnam War. UPI/Pat Benic