The federal government allegedly agreed Sunday night to provide an additional $30 billion in taxpayer money to the American International Group (AIG) as well as to loosen the terms of its huge loan to the insurer.

The fourth bailout for A.I.G.

This would be the fourth time that the government steps in to help the insurance giant avoid bankruptcy. Taxpayers now own 80 per cent of the A.I.G. holding company from the three earlier interventions.

1. $60 billion loan

2. $40 billion purchase of preferred shares

3. $50 billion to clear toxic assets

The final verdict on the latest aid for the insurer will be announced Monday morning. Moody’s Investors Service and Standard & Poor’s both have AIG on review for downgrade from the seventh highest investment grade, and have said that only government support was keeping ratings from being cut to “junk” status.

A.I.G. shares have lost 99.04% of their value over the past 12 months and are currently trading around $0.42.