Log In

NEW YORK (Bloomberg) — American International Group named Douglas Steenland as the insurer’s seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to chief executive officer last year. Steenland, the former CE...

NEW YORK (BestWire) — American International Group said the US Federal Aviation Administration has approved its request to operate small unmanned aerial vehicles — also known as drones — to conduct inspections for risk assessment, risk management, lo...

NEW YORK (Bloomberg) — Maurice “Hank” Greenberg’s Starr International Co and the US filed a second set of post-trial papers in a lawsuit over the terms of the government’s bailout of American International Group Inc, setting the stage for next month’...

NEW YORK (Bloomberg) — American International Group won court approval of a $970.5 million settlement with investors who accused the insurer at the onset of the financial crisis of misleading them about risks tied to sub-prime mortgages. The investor...

By Andrew Zajac and Christie Smythe WASHINGTON (Bloomberg) — Hank Greenberg’s legal assault on the US government and the terms imposed in its 2008 bailout of American International Group brought a parade of financial crisis superstars to a Washington...

NEW YORK (Bloomberg) — The Federal Reserve Bank of New York’s legal advisers sought to devise ways to avoid accountability to shareholders in the 2008 bailout of American International Group, according to evidence introduced at the end of trial testi...

NEW YORK (Bloomberg) — Maurice “Hank” Greenberg’s argument that the U.S. sought to evade a shareholder vote on its 2008 bailout of American International Group Inc may get a boost from a Fed legal adviser’s own words. “We succeeded in finding a struc...

NEW YORK (Bloomberg) — American International Group, the largest commercial insurer in the US and Canada, said profit rose one percent in the first report under chief executive officer Peter Hancock. Net income climbed to $2.19 billion, or $1.52 a sh...

NEW YORK (Bloomberg) — The Federal Reserve Bank of New York poured billions of dollars into rescuing American International Group in September 2008 without drawing up documents that would cement the government’s control of the giant insurer, the bank...

NEW YORK (Bloomberg) — The Federal Reserve Board of Governors set an interest rate for American International Group’s 2008 bailout loan that was meant to prevent shareholders from reaping a “windfall”, the Fed’s top lawyer testified. With bankruptcy ...

NEW YORK (Bloomberg) — The US extorted American International Group shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice (Hank) Greenberg said. Greenberg’s Starr International ...