Learn the Truth about American Hartford Gold Group Complaints
Michael Hughes- The American Hartford Gold Group (AHGG) was shut down in 2016 due to fraudulent practices.
- American Hartford Gold Group (AHGG) was shut down by regulators in January 2016, citing "systemic control failures" and "material misrepresentations," and failing to accurately advise its customers on the risks of investments in precious metals and other commodities.
- A "failure to deliver" occurs when a buyer places an order with his or her broker, but doesn't actually receive the stock.
Investors who purchased American Hartford Gold Group (AHGG) stock between September 2014 and January 2016 may have suffered steep losses. The broker-dealer and investment adviser was shut down by regulators in January 2016, citing "systemic control failures" and "material misrepresentations," and failing to accurately advise its customers on the risks of investments in precious metals and other commodities.
How Did American Hartford Gold Group Go Bankrupt?
American residential mortgage lender American Home Mortgage Investment Corp. (AHMI) bought American Home Mortgage Acceptance Corp. (AHM) in 2007, which was renamed American Home Mortgage Capital Corp. (AHM) in 2009.
In 2010, American Home Mortgage Capital Corp. (AHM) was acquired by American Home Mortgage Investment Corp. (AHMI) and combined with its other subsidiary, American Home Mortgage Acceptance Corp. (AHM).
American Home Mortgage Acceptance Corp. (AHM), which changed its name to American Home Mortgage Capital Corp. (AHM) in 2009, also filed for bankruptcy in 2010.
American Home Mortgage Capital Corp. (AHM), which changed its name to American Home Mortgage Investment Corp. (AHMI) in 2009, also filed for bankruptcy in 2010.
American Home Mortgage Acceptance Corp. (AHM), which changed its name to American Home Mortgage Capital Corp. (AHM) in 2009, also filed for bankruptcy in 2010.
American Home Mortgage Capital Corp. (AHM), which changed its name to American Home Mortgage Investment Corp. (AHMI) in 2009, also filed for bankruptcy in 2010.
American Home Mortgage Acceptance Corp. (AHM), which changed its name to American Home Mortgage Capital Corp. (AHM) in 2009, also filed for bankruptcy in 2010.
American Home Mortgage Acceptance Corp. (AHM), which changed its name to American Home Mortgage Capital Corp. (AHM) in 2009, also filed for bankruptcy in 2010.
American Home Mortgage Capital Corp. (AHM), which changed its name to American Home Mortgage Investment Corp. (AHMI) in 2009, also filed for bankruptcy in 2010.
American Home Mortgage Acceptance Corp. (AHM), which changed its name to American Home Mortgage Capital Corp. (AHM) in 2009, also filed for bankruptcy in 2010.
American Hartford Gold Group Bankruptcy Lawsuits
American Hartford Gold Group, LLC, a subsidiary of American International Group (AIG), filed for Chapter 11 bankruptcy on Sept. 3, 2009. It was estimated American Hartford would owe $32.6 billion in unpaid claims, $19.8 billion to AIG policyholders and $13.8 billion to other creditors.
On Nov. 9, 2009, American Hartford agreed to a settlement with AIG policyholders. The settlement covered $19.5 billion worth of claims. The settlement resulted in 80% of the policyholders receiving 100 cents on the dollar.
On Sept. 2, 2010, American International Group agreed to settle claims against American International Group for $5.6 billion. The settlement included $2.5 billion in compensation to American International Group shareholders and $3.1 billion in compensation to policyholders.
American International Group
(AIG)
American General Finance
(AFG)
American Financial Group
(AFG)
American International Group (AIG) is an insurance company that has gone through more turmoil and uncertainty than you can imagine. From the Credit Crisis to a massive government bailout, AIG has been in a constant back-and-forth battle for solvency and legitimacy.
American Home Assurance Company
American Home Assurance Company, Inc., also known as American Home Mortgage Insurance, Inc., is based in Memphis, TN. The company, which is responsible for handling claims related to American Home Mortgage Insurance, was founded in 1995.
The Better Business Bureau, however, contains multiple certified complaints against the company. According to the BBB, the company has received 18 complaints in the past three years.
American Home Assurance Company has received an F rating from the Better Business Bureau, and the majority of the complaints are the result of customer service issues. While the majority of the complaints are the result of improper customer service, some customers have complained about the company's claims handling practices.
Two customers complained that the company failed to pay their mortgage insurance premiums. The BBB posted separate notices on the company's page, notifying customers of the possible problems with the company.
American Home Assurance Company of New York
American Home Assurance Company of New York (AHACNY) is the parent company of American Gold Group. The company filed for Chapter 11 bankruptcy protection on January 23, 2010. The bankruptcy was resolved in October 2013.
The Insurance News Service (INS) reported in 2010 that AHACNY's "failure will result in the cancellation of more than $1.6 billion of life insurance policies." INS notes that AHACNY also cancelled or reduced the value of more than $1.4 billion of annuity policies.
The bureau also reports that AHACNY "is accused of misleading policyholders about the performance of variable annuities, and of concealing information showing that some policies were underperforming benchmark indexes."
American Home Assurance Company of Florida
American Home Assurance Company of New York
American Home Assurance Company of Texas
In 1928, the Hartford Fire Insurance Company was created. In 1930, the company changed its name to Hartford Fire Insurance Company of the Midwest. In 1936, the company changed its name to Hartford Fire Insurance Company of the Midwest and Texas.
In 1966, the company changed its name to American Home Assurance Company. In 1983, the company changed its name to American Home Assurance Company of Florida. In 1996, the company changed its name to American Home Assurance Company of New York. In 2011, the company changed its name to American Home Assurance Company of Texas.
American Home Assurance Company of South Carolina
American Home Assurance Company (AHA), a subsidiary of American Financial Group, provides various insurance products. It offers property and casualty insurance, life insurance, disability insurance, and health insurance.
American Home Assurance Company of South Carolina was founded in 1890. It is based in Columbia, South Carolina.
American Home Assurance Company of California
American Home Assurance Company of Pennsylvania
American Home Assurance Company of New Jersey
Each of these insurance companies are subsidiaries of American Home Assurance Company, a division of American International Group (AIG). The AIG / American Home Assurance Company merger created American International Group, Inc.
Complaints filed against American Home Assurance Company, including American International Group, Inc., have been investigated by the Connecticut Department of Banking, the United States Department of Housing and Urban Development, the Connecticut Department of Insurance, the United States Securities and Exchange Commission (SEC), and the National Association of Insurance Commissioners (NAIC).
American Home Assurance Company and American International Assurance Company
American Home Assurance Company (AIG) and American International Assurance Company (AIA) are divisions of American International Group (AIG). AIG's mixture of insurance, securities, and financial services makes it the world's largest insurer.
The insurance business in the United States has changed a lot since 2000. In 2000, AIG sold life insurance through independent agents. Now, AIG sells life insurance through direct channels, such as call centers.
American Home Assurance Company of Connecticut
American Home Assurance Company of Connecticut (AHIC) was the parent company of American Home Assurance Company (AHIC). It was acquired by American International Group Inc. (AIG) in 2008.
American International Group Inc. (AIG)
American International Group Inc. (AIG) is an insurance holding company, with subsidiaries worldwide. Its businesses include property casualty insurance and life insurance.
American International Assurance Company (AIA)
American International Assurance Company (AIA), was AIG's Bermuda-based property and casualty insurance company. The company provided property and casualty insurance products, including casualty and health insurance.
American Life Insurance Company (Alico)
American Life Insurance Company (Alico), was AIG's life insurance company. It provided life insurance products, including term and universal life insurance.
American International Underwriters (AIU)
American International Underwriters (AIU), was AIG's excess and surplus line insurance holding company. It provided property, casualty, and liability insurance to policyholders.
American Home Assurance Company of New Hampshire
(AHNH) is the parent company of AHG. AHNH is a mutual insurance company that has been around for over 160 years. It was founded in 1861 by 20 concerned businessmen. The company provides home, auto, and life insurance to more than 2.3 million customers.
American Home Assurance Company of Utah
American Home Assurance Company of Tennessee
American Home Assurance Company of Illinois
American Home Assurance Company of Nebraska
American Home Assurance Company of Iowa
American Home Assurance Company of California
American Home Assurance Company of Kansas
American Home Assurance Company of Maryland
American Home Assurance Company of Colorado
American Home Assurance Company of Nevada
American Home Assurance Company of Oregon
American Home Assurance Company of the District of Columbia
American Home Assurance Company of New York
American Home Assurance Company of New Jersey
American Home Assurance Company of Pennsylvania
American Home Assurance Company of Texas
American Home Assurance Company of Virginia
American Home Assurance Company of Washington
American Home Assurance Company of West Virginia
American Home Assurance Company of Colorado
American Home Assurance Company of Arizona
American Home Assurance Company of Iowa
American Home Assurance Company of Illinois
American Home Assurance Company of Nebraska
American Home Assurance Company of North Dakota
American Home Assurance Company of South Dakota
American Home Assurance Company of Wyoming
American Home Assurance Company of Utah
American Home Assurance Company of Idaho
American Home Assurance Company of Oregon
American Home Assurance Company of Washington
American Home Assurance Company of Montana
American Home Assurance Company of Illinois
American Home Assurance Company of Illinois offers protection through auto, home, and life insurance policies. American Home Assurance Company of Illinois provides insurance to individuals and businesses in 19 states. American Home Assurance Company of Illinois was founded in 1893 and is headquartered in Springfield.
American Home Assurance Company of Texas
American Home Assurance Company of Texas or AHC, is a life insurance company that is owned by American International Group (AIG) and operates in 36 states. The company was founded in Dallas in 1868.
As far as complaints go, AHC received 1,415 complaints between 2014 and 2018.
American Home Assurance Company of Wyoming
Founded in 1886, American Home Assurance Company of Wyoming (AHAA) is an insurance company based in New York. The company sells life insurance and annuity products as well as offers property and casualty coverage. AHFA specializes in selling personal insurance as well as annuities for retirement.
American Home Assurance Company of Vermont
American Home Assurance Company of Vermont (AHIP), doing business as American Home Assurance, is a subsidiary of American International Group (AIG). The company was originally founded in 1889 and is based in Burlington, Vermont.
American Home Assurance offers a range of insurance products, including life insurance, annuities, group health insurance, and long-term care insurance. The company offers these products through its subsidiaries AHIP Life Insurance Company, American Home Life Insurance Company, and Integrity Life. American Home Assurance, which is headquartered in Burlington, Vermont, has over 5,000 employees.
American Home Assurance, along with its subsidiaries, offers an array of insurance products and services. The company's products are marketed through subsidiaries that include American Home Assurance and American Home Life. American Home Assurance has a network of over 5,000 employees.
American Home Assurance Company of Oregon
American Home Assurance Company of Oregon, also known as American Home Assurance, has been an independent insurance company since 1897. In the 1901, it created one of the first "mortgage guaranty funds" and operated as a subsidiary of American Home Assurance Company of New York. In 1983, the company was demerged from its parent and rebranded as American Home Assurance Company of Oregon.
American Home Assurance of Oregon, Inc. was reorganized in 1997, and in 1998, it established an asset management subsidiary. In 1999, American Home Assurance of Oregon, Inc. became a wholly owned subsidiary of American Home Assurance Company of New York.
American Home Assurance Company of Nevada
American Home Assurance Company of Nevada (AHNA), also known as American Home Assurance Company of Nevada, was founded in 1967 and is headquartered in San Francisco, California. AHNA is a subsidiary of American International Group, Inc. (AIG).
American Home Assurance Company of Nevada was previously known as American Home Mutual Insurance Company. It changed its name to American Home Assurance Company of Nevada on November 1, 2007.
American Home Assurance Company of Idaho
American Home Assurance Company of Texas
American Home Assurance Company of Florida
American Home Assurance Company of Pennsylvania
American Home Assurance Company of New York
American Home Assurance Company of Illinois
American Home Assurance Company of Tennessee
American Home Assurance Company of Virginia
American Home Assurance Company of Rhode Island
American Life Insurance Company
Great American Insurance Company
Great American Insurance Company of Louisiana
Great American Insurance Company of New York
Great American Insurance Company of South Carolina
Great American Insurance Company of Texas
Great American Insurance Company of Wisconsin
Great American Insurance Company of Wyoming
Great American Life Assurance Company
Great American Life Insurance Company of New York
Great American Life Insurance Company of Pennsylvania
Great American Life Insurance Company of Texas
Great American Life Insurance Company of Texas
American Home Assurance Company of Delaware
This complaint relates to American Home Assurance Company of Delaware, a subsidiary of American International Group (AIG). In December 2009, AIG paid $1.6 billion to end a federal investigation into accounting fraud.
American International Assurance Company
This complaint relates to American International Assurance Company, a subsidiary of American International Group (AIG). In March 2010, AIG paid $900 million to settle charges that it failed to disclose accounting irregularities.
AIG Life Insurance Company
This complaint relates to AIG Life Insurance Company, a subsidiary of American International Group (AIG). In March 2010, AIG paid $900 million to settle charges that it failed to disclose accounting irregularities.
American Home Assurance Company
This complaint relates to American Home Assurance Company, a subsidiary of American International Group.
American Home Assurance Company of Kansas
American Home Assurance Company of Kansas offers various insurance products including life and health insurance, property insurance, and homeowners insurance.
American Home Assurance Company of Kansas was founded in 1996. It has branch locations in Kansas, Missouri, Illinois, and Arizona.
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American Home Assurance Company of Virginia
American Home Assurance Company of New York
American Home Assurance Company of Pennsylvania
American Home Assurance Company of Massachusetts
American Home Assurance Company of New Jersey
American Home Assurance Company of Ohio
American Home Assurance Company of Illinois
American Home Assurance Company of South Carolina
American Home Assurance Company of Tennessee
American Home Assurance Company of Delaware
American Home Assurance Company of Iowa
American Home Assurance Company of Florida
American Home Assurance Company of Oklahoma
American Home Assurance Company of Minnesota
American Home Assurance Company of Oregon
American Home Assurance Company of Nebraska
American Home Assurance Company of Utah
American Home Assurance Company of Kansas
American Home Assurance Company of North Dakota
American Home Assurance Company of Oklahoma
American Home Assurance Company of Utah
American Home Assurance Company of Idaho
American Home Assurance Company of Wyoming
