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AIG Chief Executive Admits 'Mistakes,' Touts Progress

Mar. 18, 2009
The chief executive of insurance giant American International Group says he shares the anger of taxpayers at the company and finds "distasteful" the millions of dollars in bonuses that have been paid to the firm's executives despite massive losses that prompted a huge federal bailout....
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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.

Competitors urge scrutiny of AIG bailout

WASHINGTON, March 1 (UPI) -- An insurance trade group says U.S. government bailouts for American International Group Inc. must not be used by the firm for competitive advantages.
AIG sale a $308 million pittance

AIG sale a $308 million pittance

NEW YORK, Jan. 14 (UPI) -- U.S. insurance giant American International Group's sale of AIG Life Insurance of Canada is a small step in its recovery process, an analyst said.
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.

Former AIG head resigns from board

NEW YORK, June 9 (UPI) -- Maurice R. "Hank" Greenberg, the long-time head of insurance giant American International Group Inc., has resigned from the New York company's board.

NY sues AIG for accounting improprieties

NEW YORK, May 27 (UPI) -- New York has filed a civil fraud suit against American International Group Inc., accusing it of deceptively manipulating the company's books.

AIG officials facing possible indictments

NEW YORK, May 20 (UPI) -- New York state prosecutors presented evidence Friday to a grand jury investigating possible criminal conduct by leaders of American International Group Inc.

AIG admits to accounting problems

NEW YORK, March 31 (UPI) -- American International Group is admitting to improper accounting of numerous deals, including one with a unit of investor Warren E. Buffett's company.
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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