ASBESTOS UPDATE: American Int’l. Posts $2.262-Bil. Net Liability

American International Group, Inc.’s net asbestos-related liability for unpaid claims and claims adjustment expense were US$2.262 billion during the six months ended June 30, 2011, compared with US$1.075 billion as of June 30, 2010.

The Company’s gross asbestos-related liability for unpaid…

ASBESTOS UPDATE: American Int’l. Records 5,477 Claims at June 30

American International Group, Inc. recorded 5,477 asbestos claims during the six months ended June 30, 2011, compared with 4,966 asbestos claims during the six months ended June 30, 2010.

During the six months ended June 30, 2011, the Company recorded 40…

ASBESTOS UPDATE: American Int’l. Posts 5,138 Claims at March 31

American International Group, Inc. recorded 5,138 asbestos-related claims during the three months ended March 31, 2011, compared with 5,208 claims during the three months ended March 31, 2010.

The Company recorded 4,933 asbestos claims for the year ended Dec. 31, 2010,…

ASBESTOS UPDATE: American Int’l. Posts $2.199-Bil. Net Liability

American International Group, Inc.’s net asbestos liability for unpaid claim and claim adjustment expense was US$2.199 billion for the three months ended March 31, 2011, compared with US$1.105 billion during the three months ended March 31, 2010.

The Company’s net asbestos…

ASBESTOS UPDATE: AIG Records 4,933 Claims at Dec. 31

American International Group, Inc. recorded 4,933 asbestos claims for the year ended Dec. 31, 2010, compared with 5,417 claims for the year ended Dec. 31, 2009.

For the year ended Dec. 31, 2010, the Company recorded 502 claims opened, 247 claims…

ASBESTOS UPDATE: Eaglestone Agreement With NICO Entered April 19

Eaglestone Reinsurance Company, a subsidiary of American International Group, Inc., and National Indemnity Company, a subsidiary of Berkshire Hathaway, Inc., entered into a Master Transaction Agreement on April 19, 2011, under which, at closing, Eaglestone and NICO will enter into…

ASBESTOS UPDATE: AIG Posts $2.223-Bil. Net Liability at Dec. 31

American International Group, Inc.’s net asbestos liability for unpaid claims and claims adjustment expense was US$2.223 billion for the year ended Dec. 31, 2010, compared with US$1.151 billion for the year ended Dec. 31, 2009.

The Company’s gross asbestos liability for…

ASBESTOS UPDATE: AIG Has $2.98B Liability at June 30

American International Group, Inc.’s gross asbestos liability for unpaid claims and claims adjustment expense was US$2.977 billion during the six months ended June 30, 2010, compared with US$3.242 billion during the six months ended June 30, 2009.

The Company’s gross asbestos…

ASBESTOS UPDATE: AIG Records 4,996 Claims at June 30

American International Group, Inc. recorded 4,996 asbestos claims during the six months ended June 30, 2010, compared with 5,485 during the six months ended June 30, 2009.

The Company recorded 5,208 asbestos claims during the three months ended March 31, 2010,…

ASBESTOS UPDATE: Ill. District Court Affirms Ruling in Pace Suit

The U.S. District Court, Northern District of Illinois, Eastern Division, affirmed the ruling of the U.S. Bankruptcy Court, which enjoined John Henry Pace’s asbestos-related state law action against American International Group, Inc. (AIG).

The case is styled John Henry Pace and…

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