Apparently, SEC was not satisfied with AIG's 2017 annual filing and wants it to add information about reinsurance that it received from a deal with Berkshire Hathaway Inc. Although nothing concrete has been stated about the matter either by AIG officials or SEC, I was wondering if someone else here some more insight into this.
https://www.insurancejournal.com/news/national/2018/11/12/507269.htm
AIG unit must defend Port Authority in WTC asbestos litigation
https://www.businessinsurance.com/article/20181116/NEWS08/912325176/AIG-unit-must-defend-Port-Authority-in-WTC-asbestos-litigation
An infant with down syndrome could run this company better. Thank god the executives get out unscathed so they can be worthless elsewhere. So powerful these hacks are.
https://www.bloomberg.com/news/articles/2018-11-09/ex-aig-staff-win-court-ruling-in-100-million-bonus-suit-in-u-k
Labor department is also looking at fte and contractor layoffs. Especially as they are replacing onshore with all offshore in Manila and KL, which is against Govt. policy. They are in trouble.