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.
Florida Jury Awards Jack Nicklaus $50M in Defamation Suit vs. His Former Company 
Chubb Books Record P/C Underwriting Income, Combined Ratio in Q3 
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry 
Suspects in Louvre Heist in Custody After Week-Long Manhunt From This Issue
