AIG Current Rates, News & Information

AIG Sells All of MetLife Holdings to Repay Treasury Dept.

Posted in AIG , Life Insurance , Life Insurance Companies

March 9th, 2011
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Life insurer AIG announced late Tuesday that it sold all of the holdings held in MetLife Inc., which helped it pay down its debt owed to the Treasury Department. The company also used a portion of money received from selling the American Life Insurance Company (Alico) to MetLife Inc. to pay $6.9 billion, which brought it closer to finishing its payments.

Life Insurers Find New Way to Identify Risky Customers

Posted in AIG , Life Insurance , Prudential

December 7th, 2010
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Purchasing life insurance has never exactly been an easy process. Not only do you have to disclose a long list of personal information, but in many cases, you must also take part in a medical exam–something you don’t even have to do when purchasing health insurance.

AIG Closer to Repaying Debt to U.S.

Posted in AIG , Life Insurance

November 1st, 2010
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Those wondering if AIG would actually be able to repay the debt it owes to taxpayers after receiving its TARP bailout funds in 2008 may be surprised to learn the insurer is well on its way. A new announcement made on Monday revealed the company had raised nearly $37 billion and is making steps to repay its debt in full.

Government Wants AIG to Finish Bailout Repayment

Posted in AIG , Life Insurance , Met Life

September 27th, 2010
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Life insurance company, American International Group Inc. (AIG), may return to independence soon. Ready to get rid of debt and finally fully repay the bailouts handed out in 2008 and 2009, the U.S. Treasury Department could announce plans for repayment as early as this week.

Tentative Plans for Repayment

Today’s News: AIG Reports $2.66 Billion Loss, Missouri Refuses Health Care Reform Law and Questionable Auto Insurance Claims Increase

Posted in AIG , Auto Insurance , Health Insurance , Life Insurance

August 20th, 2010
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AIG reported a $2.66 billion loss in the second quarter, Missouri voters shot down one aspect of the federal health care reform law and a new report has found that questionable auto insurance claims have increased.

AIG Reports $2.66 Billion Loss

Life insurer AIG has reported a second quarter net loss of $2.66 billion, which is a considerable drop from its $1.82 billion loss posted in the first quarter. However, the loss is not from a drop in earnings. It’s instead a result of the loss after selling some of its life insurance divisions to help repay the government bailouts it received in 2008 and 2009.

Today’s News: AIG No Longer Being Probed and FEMA Offers Low-Cost Flood Insurance

Posted in AIG , Home Insurance , Home Insurance Claims

July 26th, 2010
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It seems that life insurance company AIG has been let off the hook in the criminal probe the U.S. Justice Department initiated. For those who live in risky floodplain areas, FEMA is offering low-cost flood insurance options.

Today’s News: Anthem Blue Cross Seeks Rate Hike, Vehicle Monitoring Raises Privacy Concerns and AIG Units for Sale Again

Posted in AIG , Health Insurance , Life Insurance , Life Insurance Companies

July 16th, 2010
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Health insurance companies are seeking to once again raise rates, a vehicle monitoring system that could lower auto insurance rates raises concerns of privacy and AIG is looking to sell two more life insurance units to raise money.

Anthem Blue Cross Seeks Rate Hike

Today’s News: Abortion Bill Vetoed in Oklahoma, Oil Spill Spurs Home Insurance Concerns and AIG Refuses Unit Buyout Offer

Posted in AIG , Health Insurance , Home Insurance , Life Insurance , Life Insurance Companies , Prudential

July 9th, 2010
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Oklahoma’s governor has vetoed a bill recently passed in the state that would restrict abortion options under health insurance. In other insurance news, some reports have found that the oil spill in the Gulf could have a negative effect on home insurance policies and major life insurance company, AIG, has refused a buyout offer from Prudential, PLC.

Today’s News: States Get $51 Million to Rate Health Insurance, Prop 17 Gets Shot Down and AIG Repayment Prospects Look Shaky

Posted in AIG , Auto Insurance , Health Insurance

June 25th, 2010
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The U.S. Department of Health and Human Services has made grants available to states to help them enhance their health insurance rate review programs, California’s Proposition 17 auto insurance bill does not make the vote and AIG looks to be struggling to fulfill its promise to repay taxpayers.

AIG Posts $1.45 Billion Profit for First Quarter

Posted in AIG , Life Insurance , Life Insurance Companies

May 13th, 2010
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After raking in an impressive $1.45 billion quarterly profit, AIG says it is on its way to repaying the $182 billion government bailout it received in 2008 and 2009. The company already laid out a bailout repayment plan in April in hopes of showing how serious it is in paying back its debts to taxpayers. Now the life insurance company says that its recent profit could make its goal a greater reality.