American International Group Inc.

• Former AIG Commercial Sales, Marketing Exec Hired as ProspX CEO

  By Chad Hemenway, PropertyCasualty360.com  |  May 16, 2013

  American International Group Inc. has lost another leading executive, this time to a social business platform to help brokers and carriers manage commercial insurance.

• AIG May Pursue Fraud Case Against BofA over Countrywide

  By Jonathan Stempel, Reuters  |  May 7, 2013

  American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.

• AIG Q1 Profit Down $1B; P&C Underwriting Income Returns to Black

  By Chad Hemenway, PropertyCasualty360.com  |  May 3, 2013

  AIG says first-quarter net income dropped $1 billion compared to last year, as results a year ago included income from investments that have been sold or liquidated.

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  New York Drops Damages Claim in Suit Against Ex-AIG Chief

  By Jessica Dye, Reuters  |  April 26, 2013

  New York's attorney general is dropping a claim for damages in a high-profile civil lawsuit accusing former AIG CEO Maurice "Hank" Greenberg, of defrauding investors.

• Court Backs AIG Bid for New Venue in Big BofA Fraud Case

  By Jonathan Stempel, Reuters  |  April 22, 2013

  American International Group Inc won a legal victory over where a mortgage fraud lawsuit it brought against Bank of America Corp should be heard, a two-year-old case that has largely been on hold because of the dispute over venue.

• NY Judge OKs $115M AIG Shareholder, Greenberg Settlement

  By Nate Raymond, Reuters  |  April 11, 2013

  A federal judge on Wednesday approved a $115 million settlement between AIG shareholders and former CEO Maurice "Hank" Greenberg and other defendants over alleged improper accounting at the insurance giant.

• Mortgage Insurers, U.S. Regulator Settle Over Alleged Kickbacks

  By Emily Stephenson, Reuters  |  April 5, 2013

  Four mortgage insurers agreed to pay about $15 million to settle claims they paid kickbacks to mortgage lenders in exchange for business.

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  2013 Risk Manager Choice Awards: AIG Gets the Edge

  By Chad Hemenway, PropertyCasualty360.com  |  March 29, 2013

  American International Group Inc. is the top choice among insurance buyers in the 2013 Risk Manager Choice Awards as the best overall commercial-insurance provider.

• Greenberg Doubles Claims in AIG Bailout Lawsuit vs U.S. to $55B

  By Jonathan Stempel, Reuters  |  March 13, 2013

  Maurice "Hank" Greenberg, the former AIG chief executive, has more than doubled the size of his class-action lawsuit against the United States over the insurer's bailout to roughly $55.5 billion from $25 billion.

• AIG Shareholders Win Class-Action Status in Lawsuit Against U.S.

  By Jonathan Stempel, Reuters  |  March 12, 2013

  Two groups of American International Group Inc shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice "Hank" Greenberg over alleged losses caused by the U.S. government's bailout of the insurer.

• In AIG/BofA Case, N.Y. Fed Reveals Details of Settlement with Bank

  By Jonathan Spicer, Reuters  |  March 4, 2013

  The Federal Reserve Bank of New York this week made public a mortgage-securities settlement with Bank of America that could bolster the BofA's case against American International Group Inc over claims on the assets.

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  Energy Insurance: Meet the Experts Slideshow

  By PC360 Staff  |  March 1, 2013

  For producers and carriers looking for opportunities in the energy sector, one word sums up where a lot of the growth is occurring: alternative. Click to read the perspectives of several of the top minds on Energy insurance and the forward edge of alternative energy.

• AIG Ends U.S. Government Interest with Warrant Buyback

  By Reuters  |  March 1, 2013

  Insurer American International Group Inc eliminated the U.S. government's last financial interest in the company on Friday, buying back warrants from the U.S. Treasury for about $25 million.

• Judge Puts AIG/N.Y. Fed Case on Hold, BofA Still On

  By Jonathan Stempel, Reuters  |  February 27, 2013

  A federal judge has put American International Group Inc's dispute with a financial crisis-era bailout vehicle on hold while another court addresses the insurer's separate $10 billion lawsuit against Bank of America Corp over defective mortgages.

• AIG Takes Q4 Loss on Sandy, Airline Leasing Unit Sale

  By Chad Hemenway, PropertyCasualty360.com  |  February 22, 2013

  American International Group Inc. reports a fourth-quarter net loss of $4 billion on losses related to Superstorm Sandy and the sale of an aircraft leasing unit.

• Greenberg Won't Sue AIG over U.S. Government Claim -- Lawyer

  By Reuters  |  January 10, 2013

  Hank Greenberg will not sue AIG over the company's decision not to join his lawsuit against the U.S. government, his lawyer said on Thursday.