American International Group (AIG) has contributed to a $310mn settlement after it was accused of fraudulently misrepresenting the policy limits available in a decades-old class action suit.
Polish general insurance company Link4 is facing a 20mn złoty ($5.2mn) class action suit from 35 brokers in the country after it launched an ad campaign depicting "sad, helpless, tearful" insurance agents.
Ironshore has appointed former American International Group (AIG) executive Shawn Homand chief underwriting officer of global property, the Bermuda-headquartered specialty insurer announced today (7 June)
Broking giant Aon has lost a series of criminal cases it brought against the former CEO of its Bolivian operation amid allegations of fraud and self-dealing.
