Insurance Journal » Maurice “Hank” Greenberg http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 24 May 2013 22:09:03 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Former New York Governors Tell AG: Drop Greenberg Suit http://www.insurancejournal.com/news/east/2013/05/13/291706.htm Mon, 13 May 2013 16:13:36 +0000 http://www.insurancejournal.com/?p=291706 In an opinion piece published in today’s Wall Street Journal, two former New York governors are urging the New York Attorney General to stop the pursuit of Maurice “Hank” Greenberg in a case tied to accounting transactions. Mario Cuomo, a …

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]]> AIG Shareholders Gain Class Action Status in Greenberg’s Bailout Suit http://www.insurancejournal.com/news/national/2013/03/12/284364.htm Tue, 12 Mar 2013 10:35:37 +0000 Jonathan Stempel http://www.insurancejournal.com/?p=284364 Two groups of American International Group Inc. shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice “Hank” Greenberg over alleged losses caused by the U.S. government’s bailout of the …

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]]> AIG May Join Suit Against Federal Government Over ‘Unfair’ Bailout Terms http://www.insurancejournal.com/news/national/2013/01/08/276432.htm Tue, 08 Jan 2013 13:23:46 +0000 http://www.insurancejournal.com/?p=276432 American International Group Inc., the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms of the deal were unfair. The news prompted a …

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]]> Judge Says Greenberg May Pursue $25B Suit Over AIG Bailout http://www.insurancejournal.com/news/national/2012/07/03/254291.htm Tue, 03 Jul 2012 15:25:19 +0000 http://www.insurancejournal.com/?p=254291 A company run by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg may pursue a $25 billion lawsuit against the U.S. government, in which it called the 2008 federal bailout of the insurer unconstitutional. Judge Thomas Wheeler of …

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]]> Judge: New York AG Must Decide on Revealing Spitzer’s Emails on AIG http://www.insurancejournal.com/news/east/2012/05/17/248051.htm Fri, 18 May 2012 01:21:29 +0000 http://www.insurancejournal.com/?p=248051 New York’s Attorney General must review his predecessor’s private emails relating to a probe of American International Group Inc. and decide whether to release them to the public, a state judge has ruled. The office of Attorney General Eric Schneiderman …

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]]> AIG Ex-CEO Greenberg Fights Ruling on Reinsurance Fraud Charges http://www.insurancejournal.com/news/national/2012/05/15/247530.htm Tue, 15 May 2012 10:40:53 +0000 Jonathan Stempel http://www.insurancejournal.com/?p=247530 Former American International Group Inc. Chief Executive Maurice “Hank” Greenberg said New York’s attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect reinsurance transactions. Greenberg and co-defendant Howard Smith, AIG’s former …

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]]> Reinsurance Fraud Case Against AIG Ex-CEO Greenberg Going to Trial http://www.insurancejournal.com/news/national/2012/05/09/246848.htm Wed, 09 May 2012 09:25:22 +0000 Jonathan Stempel http://www.insurancejournal.com/?p=246848 A New York appeals court on Tuesday gave former American International Group Inc. Chief Executive Maurice “Hank” Greenberg a partial victory in the state’s fraud lawsuit against him over two suspect reinsurance transactions, but cleared the way for the case …

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]]> U.S. Seeks Dismissal of Ex-CEO Greenberg’s $25B Lawsuit on AIG Takeover http://www.insurancejournal.com/news/national/2012/03/02/237836.htm Fri, 02 Mar 2012 13:28:50 +0000 http://www.insurancejournal.com/?p=237836 The U.S. government has asked a court to dismiss a lawsuit relating to its 2008 takeover of American International Group that was filed by a company run by former AIG Chief Executive Maurice Greenberg, court documents showed. In November, Greenberg’s …

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]]> Maurice ‘Hank’ Greenberg Wins Leadership Award From Yale University http://www.insurancejournal.com/news/east/2011/12/20/228175.htm Tue, 20 Dec 2011 16:58:19 +0000 http://www.insurancejournal.com/?p=228175 Maurice R. Greenberg, Chairman and CEO of Starr Companies, was awarded the Lifetime of Leadership Award from the Yale Chief Executive Leadership Institute, Yale School of Management. The Starr Companies chief received the award at a ceremony held on Dec. …

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]]> Greenberg Honored for China-U.S. Relations http://www.insurancejournal.com/news/national/2011/12/07/226491.htm Wed, 07 Dec 2011 14:04:19 +0000 http://www.insurancejournal.com/?p=226491 The China General Chamber of Commerce – U.S.A. has honored Maurice R. Greenberg for his contributions toward U.S. and China exchanges. The organization’s Win-Win Award was presented to the insurance executive at the group’s dinner in New York City that …

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]]> ‘Hank’ Greenberg to Host Fundraiser for Republican Candidate Perry http://www.insurancejournal.com/news/east/2011/09/20/216447.htm Tue, 20 Sep 2011 09:30:23 +0000 http://www.insurancejournal.com/?p=216447 C. V. Starr & Co. Inc. Chairman and CEO Maurice “Hank” Greenberg is scheduled to host a fundraising event in New York on Tuesday, Sept. 20, for Texas Gov. Rick Perry. Perry is one of the leading Republican Party candidates …

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]]> AIG Ex-CEO Greenberg Loses Bid to Remove Judge from Case http://www.insurancejournal.com/news/national/2011/03/28/192000.htm Mon, 28 Mar 2011 21:08:39 +0000 http://www.insurancejournal.com/?p=192000 The judge overseeing New York’s lawsuit against former American International Group Inc. Chief Executive Hank Greenberg denied Monday a motion urging him to quit the case. Greenberg sought to have New York State Supreme Court Justice Charles Ramos removed because …

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]]> Ex-AIG CEO Greenberg: Judge in New York AG Case Biased http://www.insurancejournal.com/news/national/2011/03/10/189710.htm Thu, 10 Mar 2011 13:27:01 +0000 http://www.insurancejournal.com/?p=189710 Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is biased. In a court filing, Greenberg said that …

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]]> Insurance, Sports Pros Gather at Tri-State Charitable Foundation Dinner http://www.insurancejournal.com/news/east/2010/12/09/115539.htm Wed, 08 Dec 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=115539 More than 800 insurance professionals from the tri-state area and two All-Star athletes channeled their competitive energies last night to raise $1.1 million for charities. The New York division of the Insurance Industry Charitable Foundation (IICF), which works to combine …

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]]> New York Dinner for Insurance Charitable Fund Tops $1 Million http://www.insurancejournal.com/news/east/2010/12/01/115272.htm Tue, 30 Nov 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=115272 The Insurance Industry Charitable Foundation (IICF) New York division has surpassed the $1 million mark for ticket sales for its 2010 benefit dinner, which will be held Wednesday Dec. 8, 2010, at the Waldorf-Astoria Hotel in New York City. “The …

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]]> Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions http://www.insurancejournal.com/magazines/features/2010/11/01/160326.htm Sun, 31 Oct 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=160326 A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice …

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]]> Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions http://www.insurancejournal.com/magazines/features/2010/11/01/160337.htm Sun, 31 Oct 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=160337 A New York judge held former American International Group Inc. CEO Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice Charles …

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]]> C.V. Starr Opens Paris Office; Sets Europe Expansion Plans http://www.insurancejournal.com/news/international/2010/10/07/113874.htm Wed, 06 Oct 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=113874 C.V. Starr & Co has opened its French branch of Starr Underwriting Agents, Ltd. in Paris. The Company also announced the appointment of both Nicolas Berg as Regional Manager Europe, Starr Casualty, and Olivier Decombes as Regional Manager Europe, Starr …

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]]> AIG Settlement Covers $60 Million of Ex-CEO, Ex-CFO Costs http://www.insurancejournal.com/magazines/features/2010/09/06/160086.htm Sun, 05 Sep 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=160086 Former longtime AIG chief Maurice “Hank” Greenberg and another former executive will get $60 million from the company’s insurers to cover legal and other costs as part of a proposed settlement of investor lawsuits, court papers show. The payouts to …

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]]> AIG Settles; Agrees to Pay $725 Million to Investors http://www.insurancejournal.com/magazines/features/2010/08/02/159947.htm Sun, 01 Aug 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=159947 American International Group Inc. and some of its directors and officers have agreed to a $725 million settlement to resolve allegations of wide-ranging fraud laid out in a class action suit led by three Ohio pension funds. Ohio Attorney General …

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]]> AIG to Pay $725M to Settle Securities Fraud Lawsuit http://www.insurancejournal.com/news/national/2010/07/19/111678.htm Sun, 18 Jul 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=111678 American International Group Inc. agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action settlements in U.S. history. AIG, which is nearly 80 percent …

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]]> Charitable Group Plans to Honor Ex-AIG Head Greenberg http://www.insurancejournal.com/news/national/2010/05/24/110128.htm Sun, 23 May 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=110128 A major industry foundation is planning to recognize former AIG chief and current C.V. Starr CEO Maurice “Hank” Greenberg. The Insurance Industry Charitable Foundation (IICF) said it will present Greenberg with its “Double I Award” – for influence in the …

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]]> Declarations http://www.insurancejournal.com/magazines/declarations/2010/03/22/159479.htm Sun, 21 Mar 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=159479 Kentucky Shock “Shame on you for the blatant, arrogant, self-effacing abuses. Equally shocking is for the board to allow executives involved in the oversight of such abuses to remain.” —Cold Spring Mayor Mark Stoeber in a letter to the Kentucky …

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]]> AIG to Sell ‘Crown Jewel’ Asian Life Unit to UK’s Prudential for $35.5 Billion http://www.insurancejournal.com/news/national/2010/02/28/107733.htm Sat, 27 Feb 2010 00:00:00 +0000 Paritosh Bansal http://www.insurancejournal.com/?p=107733 American International Group Inc. agreed to sell its Asian life insurance unit to Britain’s Prudential Plc for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the …

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]]> Declarations http://www.insurancejournal.com/magazines/features/2010/01/24/159195.htm Sun, 24 Jan 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=159195 Arson Arrest “When I heard the name, I was blown away. He’s a good kid and it’s a bit sad to see his name dropped in the papers.” —Ben Lombardi, neighbor of Anthony Baye, the man accused of a rash …

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]]> Declarations http://www.insurancejournal.com/magazines/declarations/2010/01/24/159221.htm Sun, 24 Jan 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=159221 Frozen Florida “The reports we are getting tell us there is frozen fruit as well as twig and leaf damage out there now it may be days or weeks until we figure out whether there is long-term tree damage. All …

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]]> Declarations http://www.insurancejournal.com/magazines/declarations/2009/12/06/159060.htm Sun, 06 Dec 2009 00:00:00 +0000 http://www.insurancejournal.com/?p=159060 Battling Ida “They were literally fighting each wave. They did that for days.’” —Ocean City, N.J. resident Bob Ashenbrenner, describing local officials’ efforts to reinforce breached dunes near his home as the remnants of Tropical Storm Ida battered beaches along …

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]]> Declarations http://www.insurancejournal.com/magazines/declarations/2009/12/06/159071.htm Sun, 06 Dec 2009 00:00:00 +0000 http://www.insurancejournal.com/?p=159071 No Workers’ Comp for Illegals “We are going to provide a mechanism for those claims to be investigated and if the people turn out to be unauthorized there will be no coverage. We will try to wring costs out of …

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]]> Declarations http://www.insurancejournal.com/magazines/declarations/2009/12/06/159093.htm Sun, 06 Dec 2009 00:00:00 +0000 http://www.insurancejournal.com/?p=159093 Firefighting at Night “Nighttime air attack is a standard. … Such action was not taken because the USFS policy prohibits night flying. Would night flying have made a difference? No one can say for sure, but night flying is a …

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]]> Business Moves http://www.insurancejournal.com/magazines/business-moves/2009/11/01/158904.htm Sun, 01 Nov 2009 00:00:00 +0000 http://www.insurancejournal.com/?p=158904 AmTrust, American Capital New York-based AmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty insurance business. AmTrust said it will initially invest approximately …

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