| Aug 25, 2013
| 4:31 PM
Sometimes, things are even better the second time around. That's what Steven Udvar-Hazy is hoping.
Nearly 40 years after co-founding International Lease Finance Corp. and pioneering its successful model of buying airplanes and leasing them to airlines,...
| Sep 13, 2013
| 11:32 PM
The 2008 financial crisis and its aftermath introduced Americans to a new world of financial jargon and acronyms.
•Subprime: That was the banking industry's designation for mortgages made to borrowers with shaky credit. As the housing...
| Sep 24, 2013
| 2:39 PM
WASHINGTON -- Rep. Elijah E. Cummings, the top-ranking Democrat on the House Committee on Oversight and Government Reform, called for the head of AIG to resign over comments he made comparing outrage over executive bonuses to lynchings that took place...
| Sep 25, 2013
| 10:22 AM
One can scarcely blame an appropriately-outraged Rep. Elijah E. Cummings for calling on AIG's Robert Benmosche to step down after the CEO compared the public criticism of the generous bonuses given top finance industry executives to lynchings in the...
| May 31, 2013
| 7:44 PM
Insurance giant American International Group Inc.'s attempt at selling its Century City aircraft-leasing company to a consortium of Chinese investors has run into turbulence because a deposit payment was not received on schedule.
AIG revealed in a...
| Jan 8, 2013
| 11:46 AM
Periodically, one comes across a jaw-dropping example of lawsuit abuse. The Good Samaritan gets sued for preventing a suicide, the robber takes the store clerk to court for fighting back, the B-list starlet sues because nobody watched her sex tape...
| Jan 9, 2013
| 2:33 PM
Hey there behemoth insurer, American International Group! Allow me to speak for nearly all Americans left, right, and center when I say get f***ed and go f***ing f*** yourself.
Sorry, I usually try to keep such language to a minimum on this blog, but...
| Jan 12, 2013
Connecticut won't lose hundreds of workers to Massachusetts as employees transfer from The Hartford Financial Services Group to Massachusetts Mutual Life Insurance Co.
Instead, they'll work in Enfield.
On Jan. 1, The Hartford completed the sale of its...
| Jan 2, 2013
| 3:38 PM
The Hartford started the new year by announcing that it has closed on several major transactions related to the company's transformation announced last March.
The Hartford Financial Services Group said Wednesday that it had completed the sale of three...
| Dec 3, 2012
| 3:57 PM
The Hartford Financial Services Group said Monday it has completed its sale of Woodbury Financial Services to American International Group Inc.
The Hartford said in August it reached a deal to sell Woodbury Financial for $115 million — $25...
| Dec 5, 2012
| 2:31 PM
Hurricane Sandy is estimated to cost The Travelers Cos. $650 million after the company accounts for tax and reinsurance.
Reinsurance is insurance for insurers, covering insured costs if the dollar amount reaches a certain level.
Before tax and...