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April 2008/1
  • Insurers not liable for Bear Stearns settlement
    Insurers are not liable for covering any part of an $80mn settlement made by troubled investment bank Bear Stearns over its stock research practices, the New York Court of Appeals has ruled.
    07 April 2008
  • AIG makes $13.5mn settlement with Pennsylvania
    US giant American International Group (AIG) has confirmed a $13.5mn settlement payout with the Pennsylvania Insurance Department.
    07 April 2008
  • Gen Re to pay finite forfeiture
    US reinsurer General Re is to pay the US government the $5mn fee it received for a sham finite reinsurance contract with American International Group, according to reports.
    07 April 2008
  • US insurers facing payout for river clean up
    Insurers owned by US giants American International Group (AIG), Chubb and CNA are facing a multi-million dollar bill for cleaning up the Fox River in Wisconsin after a jury ruled in a paper company's favour.
    07 April 2008
  • Court denies Gallagher restraining order on start-up broker
    A US federal court has denied AJ Gallagher & Co's January request for a temporary restraining order against start-up broker Edgewood Partners Insurance Center (EPIC) following the defection of several senior employees.
    07 April 2008
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