XML 23 R73.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMMITMENTS, CONTINGENCIES AND GUARANTEES (Details) (USD $)
6 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 6 Months Ended 1 Months Ended
Jun. 30, 2012
Jun. 30, 2012
Maximum
Chartis U.S.
Jun. 30, 2012
Consolidated 2008 Securities Litigation
complaint
Mar. 20, 2009
Consolidated 2008 Securities Litigation
complaint
Mar. 19, 2009
ERISA Litigation II
complaint
Jun. 30, 2012
Canadian Securities Class Action claim
Jun. 30, 2012
Brookfield litigation related to AIGFP
May 31, 2010
Securities lending dispute with Transatlantic Holdings Inc.
Jul. 20, 2012
Securities lending dispute with Transatlantic Holdings Inc.
Jan. 26, 2012
Securities lending dispute with Transatlantic Holdings Inc.
May 24, 2010
Securities lending dispute with Transatlantic Holdings Inc.
subsidiary
Jun. 30, 2012
Fitzpatrick matter
Jun. 30, 2012
Behm matter
Oct. 02, 2010
Behm matter
action
Jun. 30, 2012
False Claims Act complaint
multiple
Feb. 25, 2010
False Claims Act complaint
individual
Jun. 30, 2012
2006 Regulatory Settlements
Feb. 28, 2006
2006 Regulatory Settlements
Mar. 31, 2012
2006 Regulatory Settlements
Jun. 30, 2012
2006 Regulatory Settlements
individual
Dec. 17, 2010
2006 Regulatory Settlements
Jan. 31, 2012
Consolidated 2004 Securities Litigation
Jul. 31, 2010
Consolidated 2004 Securities Litigation
Jun. 30, 2012
Consolidated 2004 Securities Litigation
shareholder
Objector
Dec. 31, 2011
Consolidated 2004 Securities Litigation
fund
Jun. 30, 2012
Consolidated 2004 Securities Litigation
Minimum
Feb. 29, 2012
Workers' compensation Premium Reporting
plaintiff
Apr. 30, 2011
Workers' compensation Premium Reporting
May 31, 2007
Workers' compensation Premium Reporting
Jun. 30, 2012
Workers' compensation Premium Reporting
Jun. 30, 2012
The Multi-District Litigation
conspiracy
complaint
state
action
defendant
Dec. 31, 2011
The Multi-District Litigation
class
case
May 20, 2011
The Multi-District Litigation
Jun. 30, 2012
The Multi-District Litigation
Florida
case
Jun. 30, 2012
The Multi-District Litigation
New Jersey
case
Jun. 30, 2012
The Multi-District Litigation
Texas
case
Jun. 30, 2012
The Multi-District Litigation
Kansas
claim
case
Jun. 30, 2012
Palm Tree Computer Systems, Inc. v. Ace USA
action
plaintiff
Jun. 30, 2012
The Heritage Corp. of South Florida v. National Union Fire Ins. Co.
Dec. 31, 2010
NAIC Examination of Workers Compensation Premium Reporting
Dec. 17, 2010
NAIC Examination of Workers Compensation Premium Reporting
state
Jun. 30, 2012
Caremark
complaint
Dec. 31, 2011
Use of SSDMF
Jun. 30, 2012
Multi-state examination of regulatory issues in insurance products
state
Jun. 30, 2012
Starr International Litigation
Jul. 31, 2012
State insurance guaranty funds
LITIGATION, INVESTIGATIONS AND REGULATORY MATTERS                                                                                            
Estimated litigation liability $ 719,000,000                                                                                          
Increase in the estimated reserves for incurred but not reported death claims                                                                                     202,000,000      
Number of states participating in the accident and health products examination                                                                                       39    
Number of objectors to class action suit settlement                                               2                                            
Number of purported class action complaints consolidated     3 8 8                                                                         2        
Shareholders maximum ownership percentage who have requested to opt out of the class                                               1.50%                                            
Number of shareholders who have submitted timely and valid requests to opt out of the class                                               25                                            
Number of investment funds controlled by the same investment group who have submitted timely and valid requests to opt out of the class                                                 7                                          
Shares held by investment group who have submitted timely and valid requests to opt out of the class                                                   1,000                                        
Civil penalty payable   51,000,000                                                                                   250,000    
Number of actions brought against AIG                           2                                                                
Damages claimed           500,000,000   350,000,000         67,000,000                                                         3,200,000,000        
Punitive damages claimed           50,000,000                                                                                
Percentage of ownership in AIG received by Department of the Treasury                                                                                         80.00%  
Number of objectors appealing the final approval of the settlement                                       2                                                    
Maximum contractual loss             1,500,000,000                                                                              
Transatlantic, number of subsidiaries named as Claimants                     2                                                                      
AIG, number of subsidiaries named as Respondents                     2                                                                      
Damages claimed, amount currently due                       196,000,000                                                                    
Damages claimed, potential future amounts                       78,000,000                                                                    
Range of loss, minimum                   45,000,000   0 0                                                                  
Range of loss, maximum                   125,000,000   274,000,000 67,000,000                                                                  
Counterclaim sought by AIG                         3,600,000                                                                  
Accrued loss contingency                 75,000,000                                               7,000,000                          
Number of individuals (Relators) seeking to assert claims                               2                                                            
Damages sought, multiple of damages sustained                             3                                                              
Payments made or placed in escrow accounts initial amount                                   1,640,000,000                                                        
Portion of payments which represented fines and penalties                                   225,000,000                                           100,000,000            
Deposits into fund under the supervision of the SEC, subsequently disbursed                                   800,000,000                                                        
Workers Compensation Fund escrow, included in Other Assets                                         338,000,000                                                  
Payments made or placed in escrow accounts additional amount                                     597,000,000 450,000,000                                                    
Payment released workers compensation escrow accounts in satisfaction of fines, penalties and premium tax obligations                                 147,000,000                                                          
Settlement agreement, payment of state insurance guaranty                                                                                           25,000,000
Settlement amount total                                             725,000,000               37,000,000                              
Amount paid under the terms of the separate settlement agreement with Florida                                           4,000,000                                                
Minimum number of conspiracies alleged                                                             1                              
Settlement agreement, number of states                                                                                 50          
Settlement agreement, payment of outstanding premium taxes                                                                               46,500,000            
Settlement agreement, maximum contingent fines                                                                               150,000,000            
Settlement agreement, amount which can be paid out of the remaining balance in Workers Compensation Fund                                                           191,000,000                   147,000,000            
Settlement agreement, escrow                                                           450,000,000                                
Number of parallel actions                                                             2                              
Number of separate derivative actions filed                                                             24                              
Number of defendants who have settled                                                             3                              
Number of states asserted antitrust law violations                                                             48                              
Employee Benefits Complaint, number of purported classes                                                               2                            
Number of consolidated actions                                                                           1                
Number of named plaintiffs                                                                           2                
Number of cases that have proceeded                                                               4   1 1 1 1                  
Number of claims                                                                         3                  
Damages sought, maximum                                                                       125,000,000                    
Damages sought per claim, maximum                                                                           74,999                
Damages sought, in excess                                                       3,000,000,000 1,000,000,000                   75,000              
Damages sought per claim, in excess                                                                         $ 75,000                  
Number of intervening plaintiffs                                                     7