An American International Group Inc. unit and Coventry First LLC began a trial in a dispute over bets in the insurance market on when people would die. Lavastone Capital LLC, the AIG subsidiary, claims Coventry ripped it off by more …
Former New York Senate Majority Leader Dean Skelos faces new charges he demanded illegal payments be made to his son Adam from the head of an insurance administrator seeking favorable legislation in Albany. The case stems from when the company’s …
General Motors Co. customers suing over faulty ignition switches lost their bid for access to witnesses interviewed by the government in a probe of the automaker, a U.S. judge said. The customers, who are demanding as much as $10 billion …
A former QBE Insurance Group Ltd. executive and an accomplice embezzled $2.6 million by submitting phony invoices in which the name of the chief financial officer was forged, according to U.S. prosecutors. James J. Shea, a former QBE vice president …
A federal judge who will sentence BNP Paribas SA Friday for violating U.S. sanctions against Sudan, Iran and Cuba on Thursday rejected a Cuban-American woman’s bid for compensation for her father’s death at the hands of the Castro regime. Marilyn …
A former Oppenheimer & Co. Inc. executive pleaded guilty to participating in a fraud that the U.S. says led to the collapse of an Oklahoma insurance company. Allen Reichman, 55, told a Manhattan judge that he and former Park Avenue …
New York Assembly Speaker Sheldon Silver reaped millions of dollars in kickbacks in a 15-year conspiracy that involved medical referrals, real estate developers and law firms, the U.S. said. Silver, 70, used his position to refer asbestos cases from a …
New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.’s lawsuit against the state’s top financial regulator, saying the insurer is trying to interfere with a probe of unlicensed overseas insurance sales. “The investigation of …
American International Group Inc. and Brookfield Asset Management Inc. agreed to end a 2009 lawsuit in which Brookfield sought a judge’s ruling that the insurer’s collapse triggered default provisions in interest-rate swaps. Brookfield sued in federal court in Manhattan, alleging …
