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AIG filed suit against the Federal Reserve Bank of New York in January 2013 in order to maintain the former's right to sue Bank of America and other issuers of bad mortgage debt. [156] The specific issue was whether the Federal Reserve Bank of New York transferred $18 billion in litigation claims on troubled mortgage debt through Maiden Lane ...
Twenty AIG subsidiaries are licensed to do business in Pennsylvania, including National Union Fire Insurance Co. in Pittsburgh, believed to be the second largest AIG underwriter in the nation. Other subsidiaries include New Hampshire Insurance, Insurance Company of the State of Pennsylvania, Granite State Insurance and New Hampshire Indemnity. [11]
The next generation of executives must be “myriad” leaders, according to a new survey. Here’s why CHROs should consider rotational programs for their the top talent Skip to main content
He was also responsible for expanding and profitably executing AIG's commercial and consumer strategies. [33] [44] Zaffino was also appointed to AIG's executive leadership team [43] in 2017. [42] He was hired by AIG's new CEO Brian Duperreault, [6] who had been CEO of Marsh & McLennan Companies from 2008 [3] to 2012. [42]
This was seen as a reference to the $165 million in bonuses paid out in March 2009 to employees of AIG's "financial products" division, which sold the credit derivatives that put AIG deeply in debt after the Lehman Brothers collapse and compelled the Federal Reserve to bail out AIG with an $85 billion loan six months earlier, that eventually ...
The best activities for assisted living residents do much more than just pass the time — they help seniors lead healthier, happier lives, and the ideal community has plenty of activity options ...
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Sullivan's severance package payments were withheld by AIG after the then Attorney General of New York, Andrew Cuomo, raised issues. [7] According to USA Today, "AIG CEO Martin Sullivan received $25.4 million in non severance related compensation between 2005 and 2007, including $322,000 for private use of corporate aircraft, $153,000 for car and parking, $160,000 for home security and $41,000 ...