In a surprising move, AIG has announced that it will sell its America-based personal auto group to the Swiss insurer Zurich. Shedding this division was the latest in a series of asset dumps that have been made the insurer since it nearly failed back in September 2008.

In a recent development, the American International Group (AIG) has held off releasing payments to many of its real estate ventures. As reported in the Wall Street Journal, the move by the company carries with it the potential to do serious damage to the credibility and financial stability of both the banks and developers involved.

In a new move, the massive insurance company American International Group, Inc (AIG) has named new officers to oversee the corporate reconstructing in the wake of the company’s economic failure. The officers will play a decisive role in AIG’s reorganization.

The largest insurance company in the world, American International Group, is still in trouble. Today, it gave its investors the sad news that the mortgage assets market is still in a bad state; recovery seems to be slow in coming.

The global insurance juggernaut known as the American International Group is in trouble. AIG, the biggest insurance company in the world, has lost $7.81 billion in the first quarter of 2008, according to its most recent financial report.

This lost comes on the heels of the unfortunate year of 2007, when the company’s stock went down from $70 per share to less than $60 per share. Presently, a share of AIG sells for only slightly above $40 on the New York Stock Exchange. To be exact, its stock went down recently by an entire 2.1% to $44.15 a share, and then decreased by an extra 7.6% during after-hours trading to its present worth of $40.80 a share.