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American International Group Inc. selected Peter Fisher, a former BlackRock Inc. executive and U.S. government official, to join the board of directors as the insurer prepares for increased federal oversight.

American International Group Inc. Chief Executive Officer Robert Benmosche and four other senior managers received cash bonuses that exceeded their targets last year as the insurers results improved.

American International Group Inc. Chief Executive Officer Robert Benmosche and four other senior managers received cash bonuses that exceeded their targets last year as the insurers results improved.

AIG President and CEO Robert Benmosche says the company's board must work hard on finding his successor, as that person will be taking over what is still a "very large, complex company.

AIG President and CEO Robert Benmosche says the company's board must work hard on finding his successor, as that person will be taking over what is still a "very large, complex company.

Personal lines insurers and their captive and independent agents will be paying close attention this week as the House works to craft a politically acceptable bill that will delay or reduce National Flood Insurance Program premium increases mandated by a 2012 law.

Personal lines insurers and their captive and independent agents will be paying close attention this week as the House works to craft a politically acceptable bill that will delay or reduce National Flood Insurance Program premium increases mandated by a 2012 law.

American International Group president and CEO Robert Benmosche said he will focus on improving the companys balance sheet and rewarding shareholders after the company reported strong earnings, although the companys property and casualty business combined ratio remained over 100.