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Stories tagged: AIG


  • Insurer AIG is buying Validus in deal worth $5.56B

    Insurer AIG is buying Validus, a provider of reinsurance, primary insurance, and asset management services, in a deal worth approximately $5.56 billion.


  • Man picked to fix AIG will step down after massive loss

    Three weeks after AIG reported a titanic loss, the person chosen to turn things around at one of the world’s largest insurance companies is stepping down. AIG said Thursday that …


  • UPDATED: Wed., Oct. 28, 2015, 4:57 p.m.

    Icahn says AIG ‘too big to succeed,’ urges a break up

    NEW YORK – Activist investor Carl Icahn urged American International Group Inc. to split up into smaller companies Wednesday, saying that the insurance provider is “too big to succeed.” Though …


  • ESPY nominee Minda Dentler’s world opened up with hand cycling

    Growing up in Spokane, Minda Dentler competed in everything she could find that didn’t require the use of her legs.


  • Zehm settlement elusive

    Despite calling for “all courses of action” four months ago to settle the civil suit brought by the mother and estate of Otto Zehm, it appears Mary Verner will step …


  • Fed had ‘terrible choices,’ Treasury head testifies

    WASHINGTON – Treasury Secretary Timothy Geithner told a hostile congressional committee Wednesday that the only way to rescue the insurance giant American International Group in 2008 was to pay U.S. …


  • AIG probe may involve Geithner

    WASHINGTON – Lawmakers are preparing to investigate revelations that the Federal Reserve Bank of New York, led at the time by Timothy Geithner, pushed for greater secrecy on controversial bailout …


  • AIG urged to limit future bonuses

    WASHINGTON – The Obama administration’s “pay czar” has advised American International Group to scale back $198 million in bonuses due next March to employees at its troubled Financial Products unit …


  • More bonus pay at AIG

    WASHINGTON – American International Group is preparing to pay millions of dollars more in bonuses to several dozen top corporate executives after an earlier round of payments four months ago …


  • Obama lashes out at AIG’s ‘recklessness’

    WASHINGTON – Joining a wave of public anger, President Barack Obama blistered insurance giant American International Group for “recklessness and greed” Monday and pledged to try to block it from …


  • Fed OKs more help for AIG plane unit

    CHARLOTTE, N.C. – The New York Federal Reserve has signed off on American International Group Inc.’s latest cash infusion for its aircraft leasing unit, a lifeline aimed at keeping it …


  • David S. Broder: Remain calm, study the stats

    I took a one-week vacation from this column and the stock market went crazy. The letters AIG were translated into SOS, and the House of Representatives, responding to an outburst …


  • Kevin Horrigan: Strong analysis deserves bonus

    Last week we read a lot about those guys at AIG who were paid $165 million in bonuses largely because (we were told) that, having screwed up the company, they …


  • Cal Thomas: Anger at AIG is misdirected

    One of the more familiar sayings in politics is “don’t get angry, get even.” The anger caused by using millions in taxpayer bailout money to pay “retention” bonuses to current …


  • AIG execs agree to return millions

    New York Attorney General Andrew Cuomo said Monday that 15 employees who received some of the largest bonuses from American International Group Inc. have agreed to return the more than …


  • Outside voices: AIG bonuses stir rage

    Fort Worth Star-Telegram, March 19: Should U.S. taxpayers be livid over the gargantuan bonuses being paid to workers at AIG, the global insurance giant that has received at least $170 …


  • Busload of protesters visit AIG execs’ homes

    FAIRFIELD, Conn. – A busload of activists representing working- and middle-class families paid visits Saturday to the lavish homes of American International Group executives to protest the tens of millions …


  • House votes to tax AIG bonuses

    WASHINGTON – Struggling to keep ahead of public outrage, the House of Representatives on Thursday passed a bill to recoup most of the $165 million in bonuses paid to executives …


  • Bailout reduced to offset bonuses

    WASHINGTON – The government will deduct $165 million in proposed aid to bailed-out American International Group Inc. to recoup the cost of bonuses paid to employees of the giant insurer …


  • Obama blasts AIG’s ‘greed’ in paying executive bonuses

    WASHINGTON – Joining a wave of public anger, President Barack Obama blistered insurance giant American International Group for “recklessness and greed” Monday and pledged to try to block it from …


  • Latest AIG bailout likely won’t be last

    WASHINGTON – A new definition of desperate times: Even as the government threw a stunning new $30 billion lifeline to American International Group on Monday, the beleaguered insurance giant confirmed …