Carla A. Hills and William S. Cohen, directors of American International Group, have notified the company they will not seek reelection to the company’s board of directors.

In a Securities & Exchange Commission filing Monday, the New York-based insurer, which recently agreed to a $1.64 billion settlement with New York Attorney General Eliot Spitzer and other regulators over questionable accounting practices, said Ms. Hills informed the board of her decision on Feb. 7, and Mr. Cohen on Feb. 10.

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