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12 May 2022, 6:34 am
These derivatives were at the core of what led to the $180 billion bailout of AIG, whose near-failure accelerated the crisis. [read post]
11 May 2022, 9:01 pm
These derivatives were at the core of what led to the $180 billion bailout of AIG, whose near-failure accelerated the crisis. [read post]
10 May 2022, 12:41 pm
A recent case caught my eye (Robinson v AIG Insurance, 2022 CanLII 35796 (ON LAT)) This LAT case was heard over 9 days. [read post]
28 Apr 2022, 8:28 am
AIG Capital Services, Inc. [read post]
6 Apr 2022, 12:00 am
In this judgment Colonial Pipeline Company v AIG Specialty Insurance Company, 1:19 –cv-762-MLB (US District Court Georgia, the policy included a US$10 million self-insured retention. [read post]
5 Apr 2022, 12:41 am
In this judgment Colonial Pipeline Company v AIG Specialty Insurance Company, 1:19 –cv-762-MLB in the US District Court Georgia the insured had discovered a gasoline leak in its petroleum system which caused the insured substantial damages. [read post]
24 Mar 2022, 2:30 pm
Francis KeanNoona BarlowOn this site, I try to keep my readers up to date on the latest developments in the world of directors’ and officers’ liability and insurance. [read post]
11 Mar 2022, 7:13 am
., the legendary lawyer credited with pretty much having invented the role of general counsel in its 21st Century form, and who literally wrote the book about it (The Inside Counsel Resolution: Resolving the Partner-Guardian Tension), expresses major doubts about the conventional BigLaw choice: “I won’t say absolutely you have to use smaller boutique firms — for something such as the AIG bankruptcy you may need 300 bodies — but you can still have a smaller, elite… [read post]
24 Jan 2022, 11:03 am
AIG Specialty Ins. [read post]
10 Jan 2022, 1:07 pm
The Zurich and AIG policy included a contamination exclusion that listed “virus” in the definition of contamination. [read post]
6 Jan 2022, 1:22 pm
As detailed in a September 2021 paper published by AIG in conjunction with the Clyde & Co law firm, plaintiffs’ lawyers have recently filed at least ten derivative actions in New York State courts on behalf of non-U.S. companies, alleging violations of the companies’ home country laws. [read post]
3 Jan 2022, 12:39 pm
The directors’ and officers’ liability environment is always changing, but 2021 was a particularly eventful year, with important consequences for the D&O insurance marketplace. [read post]
29 Dec 2021, 12:00 pm
As long-time readers of this blog know, one of the long-range concerns in the D&O insurance industry is the possible exposures of corporate directors and officers to liability claims arising from climate change (as discussed most recently here). [read post]
28 Dec 2021, 9:42 am
Feb. 2, 2021), the court found that, under Delaware law, the AIG BUE is limited to acquisitions, which “in the corporate transactions context means a ‘takeover of one corporation by another if both parties retain their legal existence after the transaction. [read post]
1 Dec 2021, 3:34 am
AIG Life Insurance Company, 290 F.3d 1121, 1126 (9th Cir. 2002): A death or injury may be “deemed ‘accidental’ under a group accidental insurance policy established under ERISA if the death [or injury] was unexpected or unintentional. [read post]
30 Nov 2021, 8:08 am
There may be many circumstances in which that level of cover is not available to meet a claim, for example – A) Multiple similar claims may be subject to a single limit of indemnity due to the operation of the aggregation clause, as the SRA will be only too well aware, having intervened in the leading case on the point in the Supreme Court, AIG Europe Ltd v Woodman [2017] UKSC 18 – and the facts of the present SDLT scheme case involved multiple similar instructions; B) Other… [read post]
3 Nov 2021, 1:38 pm
However, as detailed in a new white paper from AIG and the Clyde & Co law firm, over the last 18 months a small group of U.S. plaintiffs’ law firms has filed a series of shareholder derivative lawsuits in U.S. courts on behalf of non-U.S. companies and alleging violations of the companies’ home country laws. [read post]
3 Nov 2021, 1:38 pm
However, as detailed in a new white paper from AIG and the Clyde & Co law firm, over the last 18 months a small group of U.S. plaintiffs’ law firms has filed a series of shareholder derivative lawsuits in U.S. courts on behalf of non-U.S. companies and alleging violations of the companies’ home country laws. [read post]
21 Sep 2021, 5:00 am
After internships in Russia and Singapore, Yaich worked as a financial analyst for AIG and JPMorgan Chase. [read post]
26 Aug 2021, 4:32 pm
AIG Life Ins. [read post]
