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Member Since: 2/2008Last Seen: 3/07/2009

AIG files lawsuit against former execs.

Read ArticleArticle Source: Property and Casualty Insurance News
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AIG has filed a lawsuit against seven former executives, including Maurice R. "Hank" Greenberg, alleging a breach of fiduciary duty in connection with the handling of a block of AIG shares worth about $20 billion, according to court documents.

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{"commentId":1646091,"authorDomain":"insuranceconsult08"}

AIG is having a difficult year. 4th quarter loss in the billions, derivitives anti-trust allegations, now executive scandal. The question I raise is--can AIG still offer good insurance and claims service to their customers with so much distraction?

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    Reply#1 - Tue Apr 1, 2008 11:43 PM EDT
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