Latest AIG Stories

2014-05-12 16:33:10

Prestigious Award for Achievement in Customer Satisfaction Recognizes AIG's Travel Guard® Products and Services for a Fifth Straight Year STEVENS POINT, Wis., May 12, 2014 /PRNewswire/ -- Confirmit has awarded AIG a 2014 ACE (Achievement in Customer Excellence) Award for customer satisfaction associated with its Travel Guard products and services (www.travelguard.com). This is the fifth consecutive year that Travel Guard products and services have received the accolade, affirming...

2013-08-05 23:00:37

The Los Angeles employment attorneys are appealing a District Court's ruling that denied Plaintiff a jury trial Los Angeles, California (PRWEB) August 05, 2013 On July 24, 2013, United States District Court Judge Cormac J. Carney granted Defendant AIG Domestic Claims Inc.'s motion for summary judgment. The case entitled Gallardo vs. AIG Domestic Claims, Inc. ("AIG"), Case No. SACV-12-1107-CJC (ANx), was originally filed by the Los Angeles labor lawyers in June of 2012...

2009-08-28 08:50:56

An unlikely resurgence of American International Group may epitomize the new appetite for risk on Wall Street, an equity analyst at Optique Capital said. Analyst William Fitzpatrick wondered who would want to buy stock that's still 80 percent owned by the government? On the other hand, he said, the risk appetite has returned to the marketplace. There appears to be a willingness among investors to pounce on stock that was beaten down through the economic crisis and may be poised to return to...

2009-05-21 21:29:16

Edward Liddy, chosen last year by the Federal Reserve to run U.S. insurance giant AIG, announced his resignation Thursday. Liddy, who was criticized for paying billions of dollars in bonuses after the company received even more billions in federal assistance, said he would stay on until the AIG board finds a successor, CNN Money reported. Given that restoring AIG to health is likely to be the work of years, Liddy said the company needs top leadership prepared to stay on until the job is...

2009-05-11 11:49:08

U.S. insurance giant American International Group Inc. said it had agreed to sell one of the most coveted addresses in Tokyo for $1.2 billion. AIG, which suffered huge losses in 2008 on mortgage-related investments and has accepted billions of dollars in federal bailout loans, has been selling assets to raise capital to repay the government. On Monday, the firm announced it would sell the one-acre plot that houses The AIG Otemachi Building in Tokyo to Nippon Life Insurance Co. In a statement,...

2009-03-26 16:15:00

A top executive at American International Group has tendered his resignation, claiming he was betrayed by the U.S. insurance giant. In a letter published by The New York Times Thursday, Jake DeSantis, an executive vice president with AIG's financial products unit, said, I was no way involved in -- or responsible for -- the credit default swap transactions that have hamstrung AIG. DeSantis claimed all but a handful of the 400 employees in the unit were not responsible for the massive losses in...

2009-03-15 21:25:00

U.S. Sen. Russ Feingold, D-Wis., is urging federal officials to prevent insurance giant AIG from paying out a reported $165 million in bonuses and compensation. In a letter to U.S. Treasury Secretary Timothy Geithner, Feingold said AIG, which has received at least $170 billion in federal bailout funds, should not be able to pay bonuses. Feingold questioned the legality of the payouts. I write to ask why any bonuses would be legally required, given the company's abysmal performance, Feingold...

Word of the Day
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'