New York Gov. David Paterson is making another push to legalize gay marriage in New York, tapping into the momentum of other states that have recently allowed same-sex couples to wed, but the measure will face stiff opposition in the …
Maurice “Hank” Greenberg’s legacy as the man who built AIG into the world’s largest insurer was tarnished by a 2005 probe but questions about whether he created a financial monster that subsequently ran amok could cause greater damage to his …
Maurice “Hank” Greenberg’s legacy as the man who built AIG into the world’s largest insurer was tarnished by a 2005 probe but questions about whether he created a financial monster that subsequently ran amok could cause greater damage to his …
American International Group Inc., whose $61.66 billion quarterly loss was the largest ever for a U.S. company, has been sued for securities fraud by former Chief Executive Maurice “Hank” Greenberg. Greenberg, the insurer’s largest individual shareholder, accused AIG of overstating …
General Re Corp., a reinsurance unit of billionaire Warren Buffett’s Berkshire Hathaway Inc., agreed to pay $72 million to settle investor claims about its role in a fraudulent transaction involving American International Group Inc. The settlement was announced Wednesday by …
Maurice “Hank” Greenberg, former chief executive of American International Group Inc., has gone to court to prevent New York’s attorney general from releasing testimony Greenberg gave in a state lawsuit accusing him of fraud, according to court documents. Greenberg’s efforts …
Former AIG Chief Executive Maurice “Hank” Greenberg said in a letter Thursday the insurer should halt asset sales until the new administration in Washington can assess what is best for the now government-controlled insurer. Greenberg, a vocal critic of successive …
Nine states have reached a $7 million settlement with New York-based insurance broker Marsh, Inc., Marsh & McLennan Companies, Inc., resolving a four-year investigation into Marsh’s role in a nationwide bid rigging scheme. Marsh allegedly made collusive arrangements whereby brokers …
2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to hamper revenues in …
“You always find out who’s been swimming naked when the tide goes out. We found out that Wall Street has been kind of a nudist beach.” —Warren Buffett on the credit crisis “As a strong supporter of free enterprise, I …
