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by Insurance News
AIG aircraft unit debt offering has strength

CHARLOTTE, North Carolina - International Lease Finance Corp., the aircraft-leasing unit of American International Group Inc., is looking to raise $1.3 billion in loan offerings as it seeks new funds to help repay some of its debt.

Madoff Victims Speak Out On New Scam

Thousands of Bernard Madoff's victims are learning they've been in the cross-hairs of yet another billion dollar scam.

Reinsurer Everest Re Chile Quake Loss Hits $225M

Reinsurer Everest Re Group Ltd. on Wednesday estimated its preliminary loss relating to the earthquake in Chile at $225 million.

Reports say Walgreen may offer drugs directly to Delta workers; Walgreen won't confirm talks

Media reports on Wednesday indicated drugstore chain Walgreen Co. is in talks about a plan to offer prescription drugs directly to employees of Delta Air Lines Inc.

Fed Shoulders AIG Loan Losses in Sale of Unit to MetLife: Video

March 11 -- Bloomberg's Hugh Son talks with Erik Schatzker about the Federal Reserve Bank of New York and American International Group Inc.'s agreement to shoulder as much as $450 million in losses tied to the insurer's Japan real estate bets as part of the sale of a division to MetLife Inc.

AIG Devises New Formula For Employee Bonuses: Report

American International Group Inc has formulated a new "forced ranking" system to determine bonuses and rate employee performance, Wall Street Journal said, citing people familiar with the matter.

Taiwan to rule on AIG unit deal

TAIWAN aims to make a decision by the end of June on the controversial sale of the local unit of American International Group to a Hong Kong consortium, a top economic official said on Thursday.

Process for hurricane insurance discounts now more complex

TALLAHASSEE -- Consumers now will have to use a longer, more thorough form to get discounts on property insurance for strengthening their homes against hurricane winds.

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