The latest sale of American International Group stock now underway by the U.S. Treasury means that the federal government has now fully recouped its investment in the company and has already made $15.1 billion on its investment, AIG and Treasury officials said last night.
Legislation imposing sweeping reforms on Californias Workers Compensation system was passed by the state legislature Aug. 31 and sent to Gov. Jerry Brown for his signature.
American International Group is on the verge of becoming the first insurance holding company ever regulated by the federal government as the Treasury Department launches a public offering of $18 billion of AIG stock.
American International Group is on the verge of becoming the first insurance holding company ever regulated by the federal government as the Treasury Department launches a public offering of $18 billion of AIG stock.
Two property and casualty insurance trade groups contend proposed international supervisory standards must be rethought because they would impose an unjustified additional layer of regulatory restrictions on global insurance companies.
Legislation imposing sweeping reforms on the California workers compensation system was passed by the state legislature late Friday and sent to Gov. Jerry Brown for signature.
Legislation imposing sweeping reforms on the California workers compensation system was passed by the state legislature late Friday and sent to Gov. Jerry Brown for signature.
The Federal Insurance Office (FIO) is being told the government should support the private reinsurance market and think long and hard before creating any government backstop that would alter the current system.