$30 billion to AIG

The U.S. Treasury Department has committed to accouterment American International Group Inc. with as abundant as $29.84 billion in added funds over the abutting bristles years, according to the insurer’s filing Monday with the Securities and Exchange Commission, which confirms an acceding accomplished in March.

The accessible bulk "will be decreased by the accumulated bulk of banking abetment that the Treasury Department provides to AIG," according to the filing.

The official charge that AIG appear Monday was allotment of an April 17 Securities Acquirement Acceding with the Treasury Department beneath which it bought 300,000 shares of adopted banal with a par amount of $5 per allotment from AIG as able-bodied as warrants to shop for up to 3,000 shares of accepted banal with a par amount of $2.50 per share, according to the filing.

The acquirement acceding restricts AIG's adeptness to repurchase basic banal and requires the insurer "to abide to advance behavior attached accumulated expenses, lobbying activities and controlling compensation," the filing said.

An AIG agent could not be accomplished for comment.

AIG to sell personal auto unit

American International Group Inc. has agreed to advertise its 21st Century Allowance Group claimed auto allowance assemblage to Zurich Financial Services Group's Farmers Group Inc. subsidiary, the companies said Thursday.

Under the acceding of the agreement, Farmers is to pay AIG $1.9 billion in banknote and basic addendum for Wilmington, Del.-based 21st Century, which comprises AIG's U.S. claimed auto business. Farmers additionally will accept 21st Century's $100 actor in outstanding debt.

The transaction, which does not accommodate AIG's Private Client Group that provides allowance to high-net-worth individuals, is accountable to authoritative approval.

"We are actual admiring to ability acceding on a $2 billion transaction, abnormally in this bazaar environment," Edward Liddy, AIG's administrator and arch controlling officer, said in a statement. "In addition, we are affective advanced with discussions for several added transactions, and we abide to appraise how best to assure the connected backbone and success of all of AIG's businesses."

"This will badly transform the allowance mural by accession Farmers as the arch multiline, multichannel insurer in the United States," Robert Woudstra, CEO of Los Angeles-based Farmers Group, said in the statement.