Eliot Spitzer News

‘Hank’ Greenberg to Host Fundraiser for Republican Candidate Perry

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 …

AIG Ex-CEO Greenberg Loses Bid to Remove Judge from Case

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 …

Ex-AIG CEO Greenberg: Judge in New York AG Case Biased

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 …

New York Drops Last Marsh Bid-Rigging Criminal Cases

New York dropped the last two criminal cases tied to a 2004 bid-rigging scandal involving Marsh & McLennan Cos after failing to win convictions of any of the eight insurance executives indicted. The state attorney general’s office has dismissed its …

New York Plans to Merge Banking, Insurance Regulators

New York Governor Andrew Cuomo plans to improve regulation of Wall Street with a smaller state government that would merge the Banking and Insurance departments, Cuomo told a radio station yesterday. Cuomo, a Democrat who took office on Saturday, is …

Liberty Mutual Paying $7.5M to Settle Bid-Rigging Charges

Boston-based insurer Liberty Mutual will pay a combined $7.5 million to New York and Connecticut to settle allegations that it steered insurance contracts by paying kickbacks large insurance brokers. In settling the suits, New York will receive $5.5 million and …

Insurance Year in Review: East Edition

The touchy subject of agents’ commissions dominated headlines in 2010 — particularly in New York where regulators unveiled new rules that will force agents to reveal to clients how much they are paid. That decision struck a major nerve within …

Insurance, Sports Pros Gather at Tri-State Charitable Foundation Dinner

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 …

Ex-Superintendent Dinallo Joins New York Law Firm

Eric Dinallo, former superintendent of the New York Insurance Department, is joining the law firm Debevoise & Plimpton as a partner. Dinallo, who lost the state democratic primary nomination for attorney general earlier this year, will represent clients throughout the …

Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions

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 …