AIG Insurance News

American International Group, Inc. (AIG) today announced that its wholly owned subsidiary, AIG Europe, S.A., has received approval from the Insurance State Supervision Service of Georgia for the establishment of a branch in Tbilisi, Georgia. AIG Europe, S.A. (AIG Europe) is headquartered in Paris, France. "The AIG Companies are well established in Central & Eastern Europe and the Commonwealth of Independent States (CIS). We view the long term growth potential of the general insurance market...

HONG KONG - U.S. insurer American International Group Inc. has withdrawn an application to add group insurance to its business in China because its Hong Kong agents violated rules by selling policies to mainland Chinese customers, the company said in a filing with U.S. stock regulators.Foreign insurers are banned from selling insurance to visiting mainland Chinese citizens in Hong Kong, but it is reportedly a common practice.Hong Kong, a former British colony, returned to Chinese rule in 1997, b...

Fitch Ratings views today's 2004 10k filing by American International Group (AIG) as a modest positive development and a necessary step forward in addressing the various uncertainties that continue to surround the company. Fitch views the following near-term uncertainties as material and supportive of the current Rating Watch Negative status: the financial effect of civil litigation filed on May 26, 2005 by the New York Attorney General and New York Superintendent of Insurance, the magnitude ...

CNA Financial Corporation (NYSE:CNA) announced today that Stephen W. Lilienthal, chairman and chief executive officer, and D. Craig Mense, chief financial officer, will speak at the Loews Corporation 2005 Analyst Conference in the Mandarin Ballroom of the Mandarin Oriental Hotel, 80 Columbus Circle at 60th Street in New York City on Friday, June 3, 2005. Presentations will commence at 8:30 a.m. (ET). The entire Loews Corporation Analyst Conference, along with various presentation materials, m...

The Board of Directors of American International Group, Inc. (AIG) has declared a quarterly cash dividend on the company's common stock of 12.5 cents per share, payable on September 16, 2005 to shareholders of record on September 2, 2005. AIG's global businesses also include retirement services, financial services and asset management. AIG's growing global consumer finance business is led in the United States by American General Finance.....We are unable to display this entire news item becau...

AIG Auto Insurance today announced that it will lower auto insurance costs for more than 55,000 policyholders in New Jersey. Beginning June 30, 2005, AIG Auto Insurance will implement a 4% rate decrease, which will lower auto insurance costs on over 115,000 vehicles and result in a savings of more than $5 million for New Jersey drivers insured by American International Insurance Company of New Jersey. "AIG Auto Insurance is committed to the New Jersey market," said Tony DeSantis, President of...

WASHINGTON, May 10 /PRNewswire/ -- The AFSCME Employees Pension Plan outlined a four-point reform agenda in a letter today to large shareholders of the American International Group (AIG) .Internal control mechanisms and the corporate governance structure must provide effective checks and balances to protect shareholder value," said Gerald W. McEntee, chairman of the AFSCME Plan.McEntee added, "AIG proves our case that shareholders -- the true owners of the company -- need the power to nominate ...

MicroBilt Corporation today announced an agreement with AIG Affinity Group Services(SM), a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG), to provide comprehensive Personal Internet and Identity Theft insurance coverage to MicroBilt's customers. Included in each of the MicroBilt Packages will be identity theft insurance covering up to $25,000 in identity restoration costs, legal defense expenses and lost wages. MicroBilt will offer ...