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By Arthur D. Postal, PropertyCasualty360.com |
October 17, 2011
The Federal Insurance Office is asking interested parties to comment on a host of issues—including the potential costs and benefits of federal regulation of insurance across various lines—as it works to prepare a mandated study on insurance issues.
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By Arthur D. Postal, PropertyCasualty360.com |
June 30, 2011
Consumer advocates are questioning whether the Treasury Department should include an actuary as a member of the proposed Federal Advisory Committee on Insurance (FACI), citing a potential conflict of interest, among other concerns.
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By Arthur D. Postal, PropertyCasualty360.com |
January 14, 2011
American International Group completed a critical step in its effort to again become a completely private company, exchanging more of its government support for common stock owned by the Treasury Department and paying off its debt to the Federal Reserve Board in cash.
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By Arthur D. Postal, PropertyCasualty360.com |
December 1, 2010
The Congressional Budget Office today released a report slashing its estimate of the government's cost of bailing out American International Group to $14 billion--a steep drop from its March estimate of $36 billion.
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By Arthur D. Postal, PropertyCasualty360.com |
November 30, 2010
The Congressional Budget Office today released a report slashing its estimate of the government's cost of bailing out American International Group to $14 billion--a steep drop from its March estimate of $36 billion.
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By Chad Hemenway, PropertyCasualty360.com |
November 23, 2010
There are continued signs of American International Group reentry into the capital markets as the company announced two new managers and the U.S Treasury Department said it hired an investment banking firm.
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By Chad Hemenway, PropertyCasualty360.com |
November 17, 2010
In a series of filings with the Securities and Exchange Commission, American International Group (AIG) submitted adjusted financial statements taking into account several transactions meant to ultimately repay taxpayers.
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By Chad Hemenway, PropertyCasualty360.com |
November 15, 2010
Robert H. Benmosche, president and CEO of American International Group, predicted that AIG's repayment of a line of credit it has with the Federal Reserve Bank of New York could be complete before the end of this year.
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By Chad Hemenway, PropertyCasualty360.com |
November 8, 2010
American International Group said the sale of one foreign insurer and the initial public offering of a second have raised enough money to repay a line of credit it has with the Federal Reserve Bank of New York.
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By Chad Hemenway, PropertyCasualty360.com |
November 5, 2010
Robert H. Benmosche, president and chief executive officer of American International Group, now predicts that AIG's repayment of a line of credit
