American Insurance Group Scandal. Aig left china in 1949 after starr had established himself as the westerner the sell insurance to the chinese people. Bernanke added that the government had no choice but to bail it out.
Our clients’ insurance coverage is too important to take risks. Aig member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. Bernanke added that the government had no choice but to bail it out.
Aig, with asset of 556 billion, provides insurance service for more than 150 different countries and it has over 630, 000 employees over the world.
Pricewaterhousecoopers scandal investigation process greenberg refuted spitzer's claims and was later forced to step down for not complying with the investigation. Worldcom was a telecommunication company. The american insurance group made the process of changing insurance providers, which is quite foreign to me, a simple to understand and seamless process. On march 14, maurice “hank” greenberg resigned his position as ceo of american international group (aig) amidst allegations of fraud and accounting manipulations at the world’s largest insurer.