Company Directory - American International Group, Inc.
Company Details - American International Group, Inc.
American International Group, Inc.
WebsiteNew York, United States
American International Group (AIG) is a global leader in insurance and financial services. It offers a broad range of products and services – including property casualty insurance, life insurance and retirement solutions – and partners with technology companies to further enhance its service offerings on a global scale.
CCI Score
CCI Score: American International Group, Inc.
-20.38
0.01%
Latest Event
AIG Workforce Restructuring and Layoffs
AIG announced a significant round of layoffs as part of its AIG Next restructuring initiative, cutting 23% of its 1,400 senior positions along with additional roles in the U.S. and internationally, impacting approximately 730 employees worldwide. The move is aimed at streamlining operations and reducing costs, but raises concerns about the erosion of workers' rights and job security.
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ACCOMPLICE
American International Group, Inc. is currently rated as an Accomplice.
Latest Events
- FEB232025
AIG announced a significant round of layoffs as part of its AIG Next restructuring initiative, cutting 23% of its 1,400 senior positions along with additional roles in the U.S. and internationally, impacting approximately 730 employees worldwide. The move is aimed at streamlining operations and reducing costs, but raises concerns about the erosion of workers' rights and job security.
-40
Labor Relations and Human Rights Practices
March 28
The mass layoffs, including a 23% reduction in senior management roles, directly undermine job security and workers' rights. Such a move can contribute to increased economic insecurity for employees. In a period where fair labor practices are critical to protecting marginalized workers, this restructuring is seen as a negative action from an anti-fascist perspective.
- DEC312023
American International Group spent $1,160,000 on lobbying in 2023, as reported by OpenSecrets, indicating its active role in influencing federal policy.
-30
Political Contributions and Lobbying Efforts
March 28
AIG’s expenditure of $1,160,000 on lobbying in 2023 demonstrates its significant investment in influencing public policy. From a progressive, anti-authoritarian perspective, such large-scale corporate lobbying raises concerns about the distortion of democratic processes and the prioritization of corporate interests over those of workers and marginalized communities.
- OCT012023
AIG's corporate webpage outlines its policy on political contributions and lobbying activities, emphasizing that such activities are conducted in compliance with applicable laws and the company's Code of Conduct. The page serves as a disclosure of the company's approach to political engagement rather than detailing support for any specific candidates or ideological groups.
+0
Political Contributions and Lobbying Efforts
March 28
The article simply details AIG's established policy on making political contributions and engaging in lobbying efforts in accordance with legal standards and internal guidelines. There is no evidence of AIG providing overt support to authoritarian or extremist groups, nor of leveraging its contributions to bolster fascist agendas. As such, its activity in this realm is assessed as neutral regarding anti-fascist and authoritarian influences.
- SEP142023
On September 14, 2023, activists rallied outside AIG's New York headquarters to demand that the insurer end its risky underwriting and investment in fossil fuel projects. The protest highlighted that despite earlier commitments to restrict support for high-risk energy sources, AIG continues to insure controversial projects such as Freeport LNG and major pipelines, risking future financial and environmental fallout.
-70
Business Practices and Ethical Responsibility
March 28
AIG’s ongoing practice of underwriting fossil fuel projects, despite previous pledges to scale back support for high-risk energy sources, exemplifies irresponsible business practices. This continued risky financial behavior not only endangers customers and markets but also fuels systemic environmental and economic instability.
-50
Economic and Structural Influence
March 28
AIG’s continued financing and insurance of fossil fuel projects sustains an economic structure that underpins environmentally destructive practices. This economic influence not only supports a transition-resistant fossil fuel industry but also exacerbates risks to communities and the broader climate.
- JUL132022
AIG’s most recent public political spending disclosure for 2021 has been tracked by American Democracy Scorecard, highlighting the firm’s efforts to transparently report its political spending. This disclosure enables shareholders and the public to scrutinize its political contributions.
+40
Political Contributions and Lobbying Efforts
March 28
By publicly disclosing its political spending data for 2021, AIG demonstrates transparency in its political contributions. Enhanced disclosure supports accountability and allows civic engagement in monitoring corporate political behavior, which is a positive step from an anti-authoritarian perspective.
AIG - Political Contributions Tracker - American Democracy Scorecard
- JAN012022
OpenSecrets data indicates that American International Group's employee political action committee raised $39,323 during the 2021-2022 election cycle. This information highlights the company’s involvement in facilitating corporate political contributions, which, from an anti-fascist perspective, can be seen as a means to exert influence on political processes that may undermine progressive policies and worker rights.
-20
Political Contributions and Lobbying Efforts
March 28
The disclosure of AIG’s employee PAC raising $39,323 in the 2021-2022 election cycle is concerning from an anti-authoritarian perspective. Corporate political contributions, even of modest size, can be leveraged to influence policy in favor of corporate interests over those of workers and marginalized communities. Transparency provided by OpenSecrets underscores the need for stricter corporate accountability in political funding.
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Industries
- 524113
- Direct Life Insurance Carriers
- 524126
- Direct Property and Casualty Insurance Carriers
- 524210
- Insurance Agencies and Brokerages
- 523930
- Investment Advice