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N.Y. Will Let AIG Borrow $20 Billion From Its Own Subsidiaries

Sep. 15, 2008
Scrambling to prevent another meltdown in the financial system, government officials in New York and Washington were trying to buy insurer AIG more time today and line up private loans of as much as $75 billion to rescue the troubled giant.
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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 curbs executive pay

NEW YORK, Nov. 25 (UPI) -- Federally supported U.S. insurance giant American International Group said it had taken steps to curb executive pay through 2009.

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.

AIG bailout and questions continue

NEW YORK, Nov. 3 (UPI) -- The financial plight of American International Group seems unabated by the company's $143 billion in U.S. bailout funds, one expert said.
AIG taps new commercial paper program

AIG taps new commercial paper program

NEW YORK, Oct. 31 (UPI) -- U.S. insurer American International Group said its would tap into a third federal bailout option, bringing its total line of government credit to $144 billion.

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 fallout could cause L.A. transit cuts

LOS ANGELES, Oct. 18 (UPI) -- Los Angeles County's Metropolitan Transportation Authority says it is considering significant service cuts because of the U.S. financial credit crunch.
AIG, Cuomo meet over company expenses

AIG, Cuomo meet over company expenses

ALBANY, N.Y., Oct. 16 (UPI) -- New York Attorney General Andrew Cuomo and the new chairman of American International Group Inc. met Thursday to discuss the company's expenses.
Greenberg calls for changes in AIG bailout

Greenberg calls for changes in AIG bailout

NEW YORK, Oct. 14 (UPI) -- Maurice Greenberg, former chief executive officer of American International Group, has called for changes in the company's U.S. federal bailout package.

Insurance groups in hunt for capital

NEW YORK, Oct. 9 (UPI) -- Two large U.S. insurance companies with troubled balance sheets have begun to hunt for capital to help stay afloat, the companies said.
Fed extends $37.8 billion more to AIG

Fed extends $37.8 billion more to AIG

WASHINGTON, Oct. 8 (UPI) -- The U.S. Federal Reserve said it extended American International Group's line of credit by another $37 billion Wednesday.
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.

Kraft replaces AIG on Dow Jones index

NEW YORK, Sept. 19 (UPI) -- Managers of the Dow Jones industrial average have removed American International Group from its index and replaced it with Kraft Foods Inc.
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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