The insurer's board cited reputational damage as a reason for not taking part in a suit alleging punitive action by the government against its shareholders, post-bailout.
The proposed regulations governing essential benefits that must be included in health care plans sold through exchanges provides states and insurers a high level of flexibility, according to an analysis.
It is believed that AIG will come under Federal oversight as a systemically significant financial company under a provision of the Dodd-Frank reform law.
Senate Democrats pushed through Wednesday legislation that would phase out the so-called Bush-era tax cuts except for families earning $250,000 or less at the end of this year.
AIG's SunAmerica is seen within the securities distribution industry as the strongest among four suitors for Hartford's broker-dealer arm, Woodbury Financial.
The disparate retirement treatment given to GM and Delphi workers was alternatively lauded and disparaged during a politically-charged hearing before the House Tuesday.
Sponsors of defined benefit pension plans will be able to use excess money in their plans to fund the purchase of life insurance for their retirees for the first time under a provision of legislation passed by Congress Friday.
DebugScreen: mobile
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"author": {
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"social": [],
"articles": [
{
"uri": "/2013/01/09/aig-opts-not-to-proceed-in-lawsuit/",
"title": "AIG opts not to proceed in lawsuit",
"byline": "Arthur D. Postal",
"kicker": "",
"prettyDate": "January 09, 2013",
"timeToRead": "6 minute",
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},
"authors": [
{
"webUrl": "/author/profile/arthur-d-postal/",
"name": "Arthur D. Postal"
}
],
"kickerNode": [],
"summary": "The insurer's board cited reputational damage as a reason for not taking part in a suit alleging punitive action by the government against its shareholders, post-bailout.",
"body": null
},
{
"uri": "/2012/11/21/the-impact-of-ppaca-rules-412-45943/",
"title": "The impact of PPACA rules",
"byline": "Arthur D. Postal",
"kicker": "",
"prettyDate": "November 21, 2012",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
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},
"authors": [
{
"webUrl": "/author/profile/arthur-d-postal/",
"name": "Arthur D. Postal"
}
],
"kickerNode": [],
"summary": "The proposed regulations governing essential benefits that must be included in health care plans sold through exchanges provides states and insurers a high level of flexibility, according to an analysis.",
"body": null
},
{
"uri": "/2012/08/23/insurers-to-feds-you-have-no-jurisdiction/",
"title": "Insurers to Feds: You have no jurisdiction",
"byline": "Arthur D. Postal",
"kicker": "",
"prettyDate": "August 23, 2012",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/arthur-d-postal/",
"name": "Arthur D. Postal"
}
],
"kickerNode": [],
"summary": "Trade groups say they support the idea of the Consumer Financial Protection Bureau, but the agency has no real jurisdiction over insurers or agents.",
"body": null
},
{
"uri": "/2012/08/06/aig-sees-dodd-frank-regulation-as-big-positive/",
"title": "AIG sees Dodd-Frank regulation as 'big positive'",
"byline": "Arthur D. Postal",
"kicker": "",
"prettyDate": "August 06, 2012",
"timeToRead": "7 minute",
"image": {
"uri": "",
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},
"authors": [
{
"webUrl": "/author/profile/arthur-d-postal/",
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}
],
"kickerNode": [],
"summary": "It is believed that AIG will come under Federal oversight as a systemically significant financial company under a provision of the Dodd-Frank reform law.",
"body": null
},
{
"uri": "/2012/08/03/the-hartford-takes-a-big-loss/",
"title": "The Hartford takes a big loss",
"byline": "Arthur D. Postal",
"kicker": "",
"prettyDate": "August 03, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/arthur-d-postal/",
"name": "Arthur D. Postal"
}
],
"kickerNode": [],
"summary": "The Hartford suffered a second-quarter net loss of $101 million to extinguish high-cost debt it took on during the 2008 financial crisis.",
"body": null
},
{
"uri": "/2012/07/26/senate-dems-pass-bill-phasing-out-bush-era-tax-cut/",
"title": "Senate Dems pass bill phasing out Bush-era tax cuts",
"byline": "Arthur D. Postal",
"kicker": "",
"prettyDate": "July 26, 2012",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/arthur-d-postal/",
"name": "Arthur D. Postal"
}
],
"kickerNode": [],
"summary": "Senate Democrats pushed through Wednesday legislation that would phase out the so-called Bush-era tax cuts except for families earning $250,000 or less at the end of this year.",
"body": null
},
{
"uri": "/2012/07/24/aig-looking-to-buy-hartford-advisory-group/",
"title": "AIG looking to buy Hartford Advisory Group",
"byline": "Arthur D. Postal",
"kicker": "",
"prettyDate": "July 24, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/arthur-d-postal/",
"name": "Arthur D. Postal"
}
],
"kickerNode": [],
"summary": "AIG's SunAmerica is seen within the securities distribution industry as the strongest among four suitors for Hartford's broker-dealer arm, Woodbury Financial.",
"body": null
},
{
"uri": "/2012/07/11/delphi-pension-debacle-justified-by-ex-treasury-ch/",
"title": "Delphi pension debacle justified by ex-Treasury chief",
"byline": "Arthur D. Postal",
"kicker": "",
"prettyDate": "July 11, 2012",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/arthur-d-postal/",
"name": "Arthur D. Postal"
}
],
"kickerNode": [],
"summary": "The disparate retirement treatment given to GM and Delphi workers was alternatively lauded and disparaged during a politically-charged hearing before the House Tuesday.",
"body": null
},
{
"uri": "/2012/07/06/court-oks-25-billion-aig-suit-against-federal-gove/",
"title": "Court OKs $25 billion AIG suit against federal government",
"byline": "Arthur D. Postal",
"kicker": "",
"prettyDate": "July 06, 2012",
"timeToRead": "4 minute",
"image": {
"uri": "",
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},
"authors": [
{
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],
"kickerNode": [],
"summary": "A federal court has cleared the way for the former head of AIG to pursue his claim that the U.S. government illegally took control of AIG in 2008.",
"body": null
},
{
"uri": "/2012/07/02/congress-approves-pension-funding-of-life-insuranc/",
"title": "Congress approves pension funding of life insurance purchases",
"byline": "Arthur D. Postal",
"kicker": "",
"prettyDate": "July 02, 2012",
"timeToRead": "6 minute",
"image": {
"uri": "",
"width": "",
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},
"authors": [
{
"webUrl": "/author/profile/arthur-d-postal/",
"name": "Arthur D. Postal"
}
],
"kickerNode": [],
"summary": "Sponsors of defined benefit pension plans will be able to use excess money in their plans to fund the purchase of life insurance for their retirees for the first time under a provision of legislation passed by Congress Friday.",
"body": null
}
]
}
}
