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Lawyer David Poling, who has been with American International Group Inc.'s financial-products unit for many years, was the recipient of the largest bonus awarded out of the $165 million given to employees that has incurred some much outrage. He received $6.4 million.

Anger is growing after American International Group Inc., which received government assistance and is 80%-owned by the government, paid out around $450 million in guaranteed bonuses to employees of a company subsidiary that lost $40.5 billion in 2008. The near-collapse of the unit resulted in the government's bailout.

American International Group Inc. has already received $150 billion in government assistance, but with its quarterly loss likely to be over $60 billion, it appears the insurance giant will be needing more government aid.

American International Group Inc. has received $150 billion in government bailout funding, and is in talks with the government concerning recapitalization involving the backstopping of assets and the selling of units by way of initial public offerings.

The ex-chief executive officer of American International Group Inc.. Maurice Greenberg, believed that the company's HSB Group Inc. subsidiary would never be sold for less than $1 billion, so when it was sold to Munich Reinsurance Co. for $742 million, he sent a letter to AIG's board questioning the price.

American International Group Inc. is near to a deal to sell its Hartford Steam Boiler Inspection and Insurance Co. unit to Munich Re for $1.2 billion to $1.5 billion. AIG is looking to repay the up to $60 billion in loans incurred in the government's financial rescue plan in September.

American International Group Inc. has reported a loss of $24.5 billion as a result of investment losses as well as a $7.1 billion in write-downs on its credit derivatives. The insurance giant is receiving $150 billion in a new bailout plan by the federal government.

American International Group Inc. and the federal government are close to an arrangement which would see the original $123 bailout agreement thrown out in favor of a new $150 billion deal.

Government officials are considering recasting the terms of a $85 billion loan to American International Group Inc. as a way to reduce the economic pressure on the insurer. Also a possibility is for the backstopping of the company's credit-default-swap contracts and the extension of the loan facility, with a rate reduction.

American International Group Inc. depended on computer risk-assessment models by economist Gary Gorton to determine the safety of certain swaps. The risks AIG took as a result of using the models cost the company billions of dollars of losses.

According to American International Group Inc. documents, executives of the firm were aware of problems in the valuation of derivatives contracts well in advance of problems caused for company shareholders, as a House panel continues its investigations.

The United States Federal Reserve Board has loaned another $37.8 billion to troubled insurer American International Group Inc., in addition to the original $85 billion loan. AIG has used $70.3 billion so far.

Former chief executive officers of American International Group Inc., Martin Sullivan and Robert Willumstad faced questions from the House Committee on Oversight and Government Reform regarding whether they withheld knowledge of the insurance giant's financial difficulties from investors.

As he completes his second week as the new chief executive officer of American International Group Inc., Edward Liddy has unveiled his plan to sell company assets to pay off a loan of $61.3 billion from the government, thus making the company much smaller and largely restricted to commercial policy selling.

Shares of Hartford Financial Services Group Inc. dropped 18%, to $40.99 Tuesday after a negative ratings report from Fitch Ratings. The company reported a fall in income of 13% in the second quarter.

Shareholders of American International Group Inc. are trying to pay off the company's indebtedness to the federal government in order to avoid the government taking control with an 80% investment in the company. The government had agreed to a loan of as much as $85 billion.

A ruling by a Federal Court of Claims judge regarding mutually owned insurance companies which have become publicly traded may result in a flood of tax-refund claims.

Marsh & McLennan Companies Inc. is facing reorganization under new chief executive officer Brian Duperrault after almost sinking during an investigation by ex-New York attorney-general Eliot Spitzer and the subsequent settlement with him.

In the wake of recording the two largest losses in its history, and the plunging of its stock price, American International Group Inc.'s board of directors replaced chief executive officer Martin Sullivan with chairman Robert Willumstad.

Three big shareholders in American International Group Inc. sent a blistering letter to the company's board of directors three days before its annual meeting, expressing dissatisfaction with chief executive Martin Sullivan, citing a collapse of risk control and loss of investor confidence. The authors of the letter are Shelby Davis of Davis Selected Advisers LP, billionaire Eli Broad and Bill Miller of Legg Mason Inc.