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American Intl Group Inc
  
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Update: Interim AIG General Counsel Gets Post as Previously Announced GC Remains at Stripe Inc.
...Adds detail to headline.) American International Group Inc. said Rose Marie Glazer, who served as interim general counsel since Oct. 1, has been named general counsel, effective ...
Source: BestWire   Date: December 1, 2023
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Enstar Reinsures $400 Million of AIG Adverse Development Ahead of Validus Divestiture
American International Group Inc. on part of Validus Re's loss reserves that AIG will still be exposed to following the closing of AIG's sale of Validus Re to RenaissanceRe ...
Source: BestWire   Date: September 5, 2023
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Senate Budget Committee Seeks Fossil Fuel Investment Data From Insurance Giants
Sheldon Whitehouse and members U.S. Sens. Ron Wyden and Bernie Sanders directed the letters to the top executives at American International Group, Berkshire Hathaway, Chubb, ...
Source: BestWire   Date: June 9, 2023
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Update: US Senators Ask Big Insurers to Explain Fossil Fuel Underwriting, Climate Change Investment Policies
...Updates date in sixth paragraph.) A group of Democratic U.S. senators has sent letters to eight major carriers - including Chubb and Liberty Mutual - asking them to clarify how ...
Source: BestWire   Date: March 29, 2021
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New York Hits AIG With $12 Million Penalty for Unlicensed Business
New York, the consent order said. In April 2020, Athene Holding Ltd. agreed to pay a $45 million penalty to settle claims a subsidiary conducted pension risk-transfer business in ...
Source: BestWire   Date: February 1, 2021
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UK Government Extends Trade Credit Scheme to June
...The objective of the 2021 scheme is to support U.K. businesses, and aid economic recovery, following the coronavirus pandemic by providing targeted support via trade credit ...
Source: BestWire   Date: December 30, 2020
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New York DFS Settles With Four P/C Carriers for $12.7 Million in Fines, Restitution
New York, regulators said. Under the agreement, Allstate Insurance Group, State Farm Insurance Group, AIG Property Casualty Co., and Tri-State Consumer Insurance Co., paid a ...
Source: BestWire   Date: November 3, 2020
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AIG Reaches Settlement With US Attorney’s New York Office on $400 Million Tax Credit Issue
American International Group Inc. in which AIG agreed to disallow more than $400 million in foreign tax credits and the imposition of a 10% tax penalty. The issue involved AIG ...
Source: BestWire   Date: October 23, 2020
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AIG Unit VALIC Agrees to Pay $40 Million for Allegedly Failing to Disclose Practices to Investors
American International Group Inc.'s VALIC Financial Advisers Inc. unit agreed to pay about $40 million to resolve two actions by the U.S. Securities and Exchange Commission ...
Source: BestWire   Date: July 28, 2020
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Update: House Wants Answers About Travel Insurance Coverage Amid COVID-19 Denials
...Updated with company comment in the fourth and fifth paragraphs.) A House subcommittee is seeking answers from three travel insurance providers, saying their policies to deny ...
Source: BestWire   Date: March 19, 2020
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AIG, NAIC Demonstrate Buy-In to Climate Change Action
Although American International Group Inc. had fairly early on become the first U.S. insurer to implement a climate change policy, many in insurance saw climate change as a ...
Source: BestWire   Date: December 9, 2019
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FSOC to Meet Sept. 4, Will Continue Debate on SIFI Designation Guidance
The council under U.S. Treasury Secretary Steven Mnuchin has de-prioritized enhanced nonbank supervision following the deregulatory agenda of President Donald Trump. Mnuchin's FSOC ...
Source: BestWire   Date: August 29, 2019
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FSOC Proposes New SIFI Process, Would Focus on Systemic Risks
News Service, July 11, 2017). The guidance asks whether the council should incorporate Collyer's decision into the way it designates SIFIs. The new rule mandating a cost-benefit ...
Source: BestWire   Date: March 7, 2019
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Federal Regulators to Discuss SIFI Designation Guidance on March 6
The council under U.S. Treasury Secretary Steven Mnuchin has de-prioritized enhanced nonbank supervision following the deregulatory agenda of President Donald Trump. Mnuchin's FSOC ...
Source: BestWire   Date: February 28, 2019
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Arch and National Union Fire to Pay $10.28 Million to Settle Claims of Overcharging Volunteer NY Firefighters
Department of Financial Services. Arch issued 3,332 blanket accident and health insurance policies to the companies between 2001 and 2017. The DFS said it failed to comply with the ...
Source: BestWire   Date: January 11, 2019
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FSOC to Discuss SIFI Designation Guidance on Dec. 19
The Financial Stability Oversight Council is to meet on Dec. 19 and will discuss possible changes to the way it designates nonbanks as systemically important financial ...
Source: BestWire   Date: December 13, 2018
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AIG, Validus Wind Down Business Activities Involving Iran
American International Group Inc. said it is winding down all activities previously undertaken by the group and its recently acquired reinsurer Validus that may be related to Iran ...
Source: BestWire   Date: November 7, 2018
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AIG Gains UK Approval for Brexit Structure
American International Group Inc. said AIG Europe Ltd. has won approval from the High Court of England & Wales to transfer its business into two new entities in preparation for the ...
Source: BestWire   Date: October 25, 2018
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Prudential SIFI Rescission Marks End of Era for Federal Regulators, Observers Say
American International Group Inc.'s designation September 2017. A handful of insurers are still regulated by the Fed based on their ownership of a thrift institution, but were ...
Source: BestWire   Date: October 18, 2018
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FSOC Removes SIFI Label for Prudential, the Last Insurer Designated
The move represents a huge turnaround for the council under U.S. Treasury Secretary Steven Mnuchin, who has de-prioritized enhanced nonbank supervision following the deregulatory ...
Source: BestWire   Date: October 17, 2018
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