National News

Viewing comments for:

New AIG Unit Formed to Help Manage Terrorism Exposure and Risks

National News • March 7, 2007
The AIG Companies announced the formation of AIG Homeland Security Solutions. The new specialty unit will provide access to insurance, risk management and security products and services to help ...

Insurance Journal is not responsible for the content of the message below.

Subject: Terrorists are all around us....

Posted On: March 7, 2007, 1:31 pm CST
Posted By: O. Dear
Comment:
Hi Everbody!

Remember this?
ATLA Blasts Greenberg for Terrorist Remark; TTLA Follows Suit
February 27, 2004

The Association of Trial Lawyers of America (ATLA) announced it has demanded a retraction and an apology from American Insurance Group CEO Maurice "Hank" Greenberg for calling them "terrorist trial lawyers" in a speech in Boston speech of Feb. 24, 2004. Greenberg reportedly made the remark in a speech to Boston College's Chief Executives' Club.

ATLA said the comment comes as its members are completing the largest pro-bono legal project in American history, Trial Lawyers Care, which was set up to assist the families of 9/11 victims. Under its auspices, over 1,100 lawyers have helped over 1,700 individuals and surviving families file their claims with the September 11 Victim Compensation Fund, at absolutely no charge.

The attorney's group cited Reuters as reporting, "Greenberg likened the battle over reforming class action litigation to the White House's 'war on terror'…. It's almost like fighting the war on terrorists," Greenberg told Boston College's Chief Executives' Club. "I call the plaintiff's bar terrorists."

ATLA noted that Greenberg is the highest paid executive in the entire insurance industry, and the tenth highest paid executive across all industries. His total compensation in 2003 topped $29 million, and his compensation over the last 5 years was more than $140 million.
Subject Posted By Posted On
Terrorists Are All Around Us Bill Reed
Mar 7, 2007, 3:44 pm
Terrorists are all around us.... O. Dear
Mar 7, 2007, 1:31 pm
Back to article

Post a Comment

.