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Eccleston Law has filed its second securities arbitration claim against against Manitowoc, Wisconsin-based broker James Albright, Jr. and Sagepoint Financial, Inc. f/k/a AIG Financial Adviserson behalf of nine (9) investors who suffered losses in various unsuitable investments recommended by James Albright. [read post]
29 Aug 2011, 5:01 pm
Among the institutional investors to benefit from the settlement are BlackRock, Inc., PIMCO, Metlife, Inc., the Federal Reserve Bank of New York, and Goldman Sachs. [read post]
28 Aug 2011, 6:15 pm by Law Lady
Weekly S472a  Mortgage-Backed Securities: AIG SUES BANK OF AMERICA OVER 'MASSIVE' MORTGAGE FRAUD, AIG v. [read post]
23 Aug 2011, 7:11 am by Sheldon Toplitt
Journal editorial attacking him, writing a column for Slate.com entitled "They Still Don't Get It," defending his prosecutorial pursuit of Marsh & McClennan and American Insurance Group Inc. [read post]
16 Aug 2011, 10:05 pm
The bond insurer claims it has already paid out tens of millions of dollars in claims that were never reimbursed. [read post]
10 Aug 2011, 3:23 am by Andrew Lavoott Bluestone
In their motion for summary judgment, plaintiffs’ do not address their pleaded claim that defendants should have proceeded more quickly to obtain the dismissal of the bankruptcy case following the settlement of the matter with AIG. [read post]
Albright, Jr., and Sagepoint Financial, Inc. f/k/a AIG Financial Advisers, with an office in Manitowoc, Wisconsin and additional activities in Racine, Wisconsin. [read post]
31 May 2011, 6:19 pm by JT
Group, Inc., 2011 NY Slip Op 04437 “In opposition, the insurer failed to raise a triable issue of fact as to whether it had timely denied the claim. [read post]
9 Apr 2011, 6:30 am by Mark S. Humphreys
AIG, Liberty Mutual Holding Co., Travelers Cos., Inc. and XL Group Plc. agreed to settle the case with buyers of insurance policies sold from 1998 through 2004. [read post]
31 Mar 2011, 8:32 pm
According to AIG CEO Robert Benmosche, strengthening claims management, underwriting, risk management, and reserving so that the right risk-adjusted returns are earned remain top priorities. [read post]
24 Mar 2011, 12:35 pm
The article states: AIG, Liberty Mutual Holding Co., Travelers Cos., Inc. and XL Group Plc (XL) agreed to settle the case with buyers of insurance policies sold from 1998 through 2004. [read post]
22 Mar 2011, 8:00 am
The recent disasters in Japan will likely send financial shockwaves across the P&C side of the insurance industry.A M Best reports that "Swiss Re is estimating claims costs of about US$1.2 billion, net of retrocession and before tax, from the March 11 earthquake and tsunami in Japan" and that AIG "expects to incur a pretax insurance loss of US$700 million for its nonlife subsidiary Chartis Inc. from the March 11 earthquake and tsunami. [read post]