Litigation

The common stock of American International Group, Inc. (AIG) continues its dramatic rise from a March 9, 2009 low of $6.60 to touch $50 in the morning session. According to Reuters there is new optimism from the company's CEO Robert Benmosche "I think we will be clear as to what the vision is, what the reality of that vision is. We'll have a better sense of what our strategic companies will be worth, and what the marketplace will be worth, and people will say, wow, AIG is performing well,"

The differences between AIG and its former CEO Hank Greenberg may even be reconciling. The report suggests that current CEO Robert Benmosche may be doing his own version of "going Green" having tapped Greenberg's knowledge and resources "for months". 

Less than a year ago at this time AIG was the focal point for concern about the insurance industry, structured settlement industry and the target of opportunistic settlement industry commentators like Patrick Hindert, who have done little more than a "hit and run" on AIG, that may now leave them with egg on their faces.

 If the rise in AIG's stock price portends a sustained turnaround, will the speed of recovery increase and inspire confidence in the insurance industry for years to come? Are "times a changin"? Stay tuned!