The owner and operator of a Colorado health plan company pleaded guilty to several charges related to his defrauding and embezzling medical benefit clients of up to $7 million.

American International Group joined a cadre of banks asking a federal court to block a proposed nationwide class-action suit against them over the global insurer’s near-collapse three years ago.

A court in New York has given its preliminary approval to a settlement in a suit involving the alleged under-reporting of American International Group’s market share in the workers’ compensation market to trim its payments to state insurance pools.

American International Group (AIG), the global insurer that at one point was 92% owned by the U.S. government after a $182 billion bailout, is taking legal action concerning billions of dollars it allegedly lost due to mortgage-related fraud.

A New York, N.Y.-based health insurance company must pay $760,000 in restitution for selling unauthorized health insurance in Massachusetts.

American International Group’s Chartis property-casualty business has new leadership and structure as it seeks to align accountability with long-term results.

A former Suffolk County, N.Y., legislator was sentenced to one to three years in prison for insurance fraud in connection with a fire at his Westhampton Beach home.

American International Group Inc. said its property-casualty insurance unit, Chartis, could face more than $1 billion in catastrophic losses from incidents in the first quarter of this year.

American International Group said MetLife agreed to modify their agreement in connection with the sale of American Life Insurance Co. (ALICO) so AIG can sell MetLife equity securities earlier than permitted in the original terms of the sale.

American International Group’s (AIG) directors and officers’ insurers will pay $150 million to resolve legal disputes with former company executives.