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American International Group Inc has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008.

American International Group president and CEO Robert H. Benmosche has tried to tamp down expectations AIG set for 2015 when it offered stock to the public again in May 2011.

American International Group reported slightly higher net income in the third quarter and said its P&C pre-tax operating income grew 33 percent to $1.0 billion due to improved underwriting results.

American International Group reported slightly higher net income in the third quarter and said its P&C pre-tax operating income grew 33 percent to $1.0 billion due to improved underwriting results.

When my mother told me to watch my mouth, I would cross my eyes and literally try to watch my mouth, just to be a smart-aleck. Usually it kept me occupied enough so that I wasnt able to say anything stupid.

Robert Benmosche, American International Group president and CEO, today apologized in person to a senior Maryland congressman for his remarks comparing the uproar over AIG Financial Products bonuses to the lynching of blacks during the civil rights battles.

Robert Benmosche, American International Group president and CEO, today apologized in person to a senior Maryland congressman for his remarks comparing the uproar over AIG Financial Products bonuses to the lynching of blacks during the civil rights battles.

AIG CEO Robert Benmosche is under heavy fire from a senior Maryland Democratic congressman after comparing the intense criticism of bonus payments made in 2009 to AIG Financial Products executives to the lynching of blacks during the civil rights battles of several decades ago.