A New York judge has granted American International Group a restraining order against its former chief executive officer, Maurice Greenberg, and his agency, Starr Technical Risk Agency, that bars Starr from placing its AIG risks with other insurers.
The judge said his restraining order would remain in effect until the parties settle their differences in arbitration.
AIG maintains that Starr Technical and AIG have had an exclusive contract since 1992.
C.V. Starr says that AIG is trying to keep its agency from competing. Starr claims that its agency is free to write accounts with other carriers when AIG is not competitive.
Was this article valuable?
Here are more articles you may enjoy.
Senators Launch Probe Into Demotech’s Ratings in Florida 
UPS Ripped Off Seasonal Workers With Unfair Pay Practices, Lawsuit Alleges 
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases 
NTSB Unclear Who Was at Controls in Jet Crash That Killed Biffle and 6 Others From This Issue
