State Laws Provide Leeway For Businesses Reporting Data Breaches January 20, 2014 By Karen Freifeld A decade of lawmaking by U.S. states to ensure consumers are told when their data has been hacked still lets...
Judge Temporarily Halts New York AG Suit Against Greenberg October 11, 2013 By Karen Freifeld Former American International Group (AIG) Chief Executive Maurice “Hank” Greenberg on Thursday won a short reprieve from New York’s case...
Greenberg Should Face Trial as ‘Deterrent,’ Says New York State May 29, 2013 By Karen Freifeld Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American...
Greenberg Seeks Dismissal of Spitzer Reinsurance Lawsuit May 28, 2013 By Karen Freifeld New York’s highest court will hear arguments on Tuesday on whether to dismiss a lawsuit accusing Hank Greenberg of orchestrating...
New York AG May Follow Greenberg Case, Drop Claims Against BofA Over Merrill May 10, 2013 By Karen Freifeld Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG...
MBIA, Bank of America Reach $1.6 Billion Settlement May 7, 2013 By Dan Wilchins and Karen Freifeld Bank of America Corp. has agreed to pay $1.6 billion in cash to MBIA Inc. and will receive the right...
States Drop Challenge to $8.5B Bank of America Deal; AIG Still Opposes May 6, 2013 By Karen Freifeld The New York and Delaware attorneys general and the U.S. housing regulator on Friday dropped their objections to Bank of...
New York Drop of Damages Claim Against Greenberg Avoids Test of AG’s Power May 3, 2013 By Karen Freifeld When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG chief Hank Greenberg, he...
AIG Reports P/C Underwriting Gain for Q1 May 2, 2013 By Karen Freifeld and Lauren Tara LaCapra American International Group Inc.’s property and casualty business booked its first underwriting profit in two and a half years during...
AIG Q4 Operating Results Beat Expectations February 21, 2013 By Karen Freifeld and Lauren Tara LaCapra Insurer American International Group Inc. reported fourth-quarter results that beat Wall Street expectations, although Chief Executive Robert Benmosche said some...