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Government Again Expands AIG Rescue Plan

Nov. 11, 2008
The federal government announced a new, more expensive rescue yesterday of American International Group, becoming more enmeshed in the troubled insurance giant's business, as the company disclosed massive losses over the past three months.
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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.

N.Y. court proceeds with AIG case

NEW YORK, Dec. 5 (UPI) -- A New York judge refused to dismiss breach of fiduciary duty charges against American International Group Inc.'s former chairman, Maurice Greenberg.

AIG to distribute deferred worker pay

NEW YORK, Nov. 15 (UPI) -- American International Group Inc. says it will distribute $503 million in deferred compensation to its employees, removing an incentive for them to quit.
Treasury restructures AIG bailout

Treasury restructures AIG bailout

WASHINGTON, Nov. 10 (UPI) -- The U.S. Treasury said Monday it would purchase stock in the nation's largest insurance company as part of a plan to restructure its federal aid.

Ad exploiting AIG's troubles prompts fine

DULUTH, Minn., Oct. 24 (UPI) -- An insurance agency in Minnesota agreed to pay a $3,000 fine after placing ads exploiting American International Group Inc.'s financial troubles.
AIG blasted for $440K post-bailout junket

AIG blasted for $440K post-bailout junket

WASHINGTON, Oct. 8 (UPI) -- A trip to a posh California resort by bailout beneficiary AIG drew the ire of a House panel chairman and a rebuke from the Democratic presidential candidate.
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.
AIG's demise puts regulators in focus

AIG's demise puts regulators in focus

WASHINGTON, Sept. 18 (UPI) -- The demise of American International Group Inc. highlights a flaw in the way the insurance industry is regulated, a trade group said.

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.

Talks under way to rescue AIG

NEW YORK, Sept. 16 (UPI) -- Executives of AIG, the giant insurance firm teetering on the brink of collapse, Tuesday held emergency meetings at the New York Federal Reserve, officials said.

AIG buys marine insurance business

NEW YORK, Oct. 3 (UPI) -- American International Group Inc. has purchased the U.S. ocean marine business of Arch Insurance Co.

AIG buys Taiwanese firm for $184M

TAIPEI, Taiwan, Feb. 17 (UPI) -- American International Group Inc. said Friday one of its units is paying about $184 million for Taiwan's Central Insurance Co. Ltd.

AIG agrees to settle for $1.64 billion

NEW YORK, Feb. 9 (UPI) -- American International Group Inc. said Thursday it will pay $1.64 billion to settle state and federal charges of accounting and trading misdeeds.

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.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler