American International Group, Inc.
News and overview for American International Group, Inc.
Travelers profit quadruples, firm raises outlook - MarketWatch
MarketWatch | 32 days 6 hours 17 minutes ago
Travelers Cos.' /quotes/comstock/13*!trv/quotes/nls/trv (TRV 48.02, -0.44, -0.91%) third-quarter profit more than quadrupled on sharply lower catastrophic losses.
Cuomo Took Campaign Donations From Lawyers With Matters Before His Office
Bloomberg | 32 minutes ago
Boies Schiller & Flexner LLP, a New York law firm led by David Boies, gave Cuomo $35,000 this year, records show. The firm represents former American International Group Inc. Chief Executive Officer Maurice â??Hankâ?? Greenberg in a civil fraud case the attorney general is pursuing. Lawyers defending Dell Inc., Deutsche Bank AG and a former state political party chief in Cuomo cases also contributed to him, records show.
Bill OK'ed to require hedge funds to register - MarketWatch
MarketWatch | 26 days 20 hours 53 minutes ago
Textron profit falls 98% on falling jet demand
Frank: Congress may include Fed with new regulator - MarketWatch
MarketWatch | 17 days 55 minutes ago
"You may get a combination of the national bank supervisor and the Fed, but state bank regulation should remain separate," said House Financial Services Committee Chairman Barney Frank, D-Mass.
GE shares rise on sunnier outlook for finance unit - MarketWatch
MarketWatch | 16 days 23 hours 20 minutes ago
Warren Buffett is paying a hefty premium for rail company Burlington Northern. Dow Jones Investment Banker's John Morris discusses the deal with Arindam Nag.
Gold hits new record above $1,100 - MarketWatch
MarketWatch | 17 days 22 minutes ago
Gold futures barrel to a new record high above $1,100 an ounce, as news that the U.S. unemployment rate topped 10.2% in October boost expectations the Federal Reserve will keep interest rates near zero well into next year, pressuring the dollar. See full story.
Taking the inside path to Wall Street riches David Weidner's Writing on the Wall - MarketWatch
MarketWatch | 34 days 13 hours 21 minutes ago
Now, it looks as if both may turn out to be hoaxes.
Retirement tools often underestimate risk Robert Powell - MarketWatch
MarketWatch | 16 days 23 hours 20 minutes ago
Or so says Richard Fullmer of Russell Investments, author of a just-published white paper "Mismeasurement of Risk in Financial Planning."
David Weidner's Writing on the Wall: A tax on trading could save us money - MarketWatch
MarketWatch | 41 days 2 hours 23 minutes ago
The problem with the plan, as spelled out by the left-leaning Economic Policy Institute last week, isn't the tax. It's where they want to spend the revenue. The EPI and some congressional Democrats backing the plan want a new tax on financial transactions to pay for any new health care programs. See full story.
David Weidner's Writing on the Wall: A tax on trading could save us money in the end - MarketWatch
MarketWatch | 41 days 13 hours 36 minutes ago
The problem with the plan, as spelled out by the left-leaning Economic Policy Institute last week, isn't the tax. It's where they want to spend the revenue. The EPI and some congressional Democrats backing the plan want a new tax on financial transactions to pay for any new health care programs. See full story.
Research and Markets: Motor Insurance in China - Essential Resource for Top-Level Data and Analysis [Press Release]
Business Wire | 21 days 14 hours 41 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/c4588d/motor_insurance_in) has announced the addition of the "Motor Insurance in China" report to their offering.
A.M. Best Removes From Under Review and Affirms Ratings of BMO Life Assurance Company; Assigns Stable Outlook [Press Release]
Business Wire | 24 days 1 hour 4 minutes ago
A.M. Best Co. has removed from under review with developing implications and affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a” of BMO Life Assurance Company (BMOLAC) (Toronto, ON). The assigned outlook for both ratings is stable.
Significant Options Volume in American International Group Inc. (AIG) and Abercrombie & Fitch Co. (ANF) - www.ONN.tv Reports [Press Release]
PRNewswire | 107 days 23 hours 10 minutes ago
CHICAGO, Aug. 7 /PRNewswire/ -- Today's "Sidewinder: Option Volume vs. Open Interest" video, hosted by www.ONN.tv's Senior Derivatives Specialist Jared Levy, covers notable options trading activity from:
Frank unveils plan for too-big-to-fail banks - MarketWatch
MarketWatch | 24 days 23 hours 47 minutes ago
Under Frank's proposal, any costs for taking over and euthanizing a failed bank would be paid for by the shareholders and bond-holders first. Taxpayers would cover the remaining costs, but ultimately would be repaid by an assessment on every surviving big bank.
Citi, 6 other firms face pay-plan deadline
PLI SmartBrief | 118 days 12 hours 41 minutes ago
Citigroup Inc., American International Group Inc., Bank of America Corp., Chrysler Financial, Chrysler LLC, General Motors Co. and GMAC Inc. have until Aug. 13 to submit compensation plans to the U...
Company Overview
| Company: | American International Group, Inc. |
|---|---|
| Industry: | Property & Casualty Insurance |
| Website: | http://www.aigcorporate.com |
Even to this day American International Group (AIG) is one of the world's largest insurance firms. While it remains in the spotlight for staggering losses and government bailouts, the company's subsidiaries are still providing insurance. AIG is a leading US provider of property/casualty and specialty insurance to commercial, institutional, and individual customers. Internationally, the company provides reinsurance, life insurance and retirement services, asset management, and financial services (including financing commercial aircraft leasing) in more than 120 countries. The US government holds more than 80% of the company, and its future remains in a state of flux.
Key Numbers
| Sales in U.S. Dollars (mil.) | 11,104 (2008) |
|---|---|
| One-year % Growth in Sales | -89.9 (2008) |
| Net Income in U.S. Dollars (mil.) | -99,289 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 116,000 (2008) |
| One-year % Growth in Number of Employees | 0.0 (2008) |
| Fiscal Year-End | December |