American International Group Inc. agreed to pay a $35 million penalty to resolve a New York State probe into unlicensed insurance sales by former units.

Sales will double this year--and insurers say "we have barely scratched the surface" of growth potential.

Robert Benmosche said an emerging challenge from Warren Buffetts Berkshire Hathaway Inc. hasnt amounted to much so far.

AIG named Kevin Hogan to lead its main life-insurance business, putting him in charge of offerings for individuals, as new Chief Executive Officer Peter Hancock shakes up management.

Allstate Corp. is betting on timber and real estate to boost returns at a struggling annuity unit.

The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said today.

Robert Benmosche is stepping down as AIG CEO this weekend. Here is a timeline of noteworthy events during his time at the insurance giant.

Benmosche, who is stepping down this weekend after 5 years as AIG's CEO, said he learned in May that he had nine months to a year to live.