AIG officials are looking favorably at federal oversight as they say they are preparing for regulation by the Federal Reserve Board in addition to state regulation.
American International Group reported a 27 percent increase in second-quarter net income compared to the same period last year, and predicted we are close to paying off the government for its investment in the company starting in 2008.
Two insurance industry trade groups are asking the Financial Stability Oversight Council to allow all nonbank financial companies a full hearing as part of the process for determining whether a company should be designated systemically significant.
Two insurance industry trade groups are asking the Financial Stability Oversight Council to allow all nonbank financial companies a full hearing as part of the process for determining whether a company should be designated systemically significant.
Representatives of an industry association voiced strong support for legislation that would provide additional incentives to states that adopt uniform and enforceable building codes.
Representatives of an industry association voiced strong support for legislation that would provide additional incentives to states that adopt uniform and enforceable building codes.
American International Group is in need of effective, comprehensive and rigorous regulation to ensure history does not repeat itself at the insurance giant, says a new regulatory report.