NU Online News Service, May 26, 3:40 p.m. EDT
WASHINGTON–Analysts raised red flags about the future of American International Group at a congressional hearing today, despite President Robert Benmosche's assurances that AIG is on a "clear path" to repaying the government and "remaking itself into a more streamlined and focused company."
"I see substantial progress," Mr. Benmosche testified at a hearing on AIG convened by the Congressional Oversight Panel, created to act as a watchdog over government investments made through the Troubled Asset Relief Program and other Treasury Department and Federal Reserve Board programs launched to prevent a financial meltdown in September 2008.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
