Wednesday, June 27, 2007

 

Starr Sues AIG for Millions

C.V. Starr & Co., Inc. ("C.V. Starr") today sued American International Group, Inc. ("AIG") for hundreds of millions of dollars in profits and benefits realized by AIG as a result of AIG's relationship with C.V. Starr during the 2000 to 2005 period. During that period, AIG's share of premiums from business generated by Starr subsidiaries exceeded $5 billion. Profits and benefits realized by AIG as a result of its relationship with C.V. Starr include, among other things, underwriting profits and investment income earned by AIG as a result of the insurance premiums generated by C.V. Starr during this period.

Starr Sues AIG for Millions
Source: PRNewswire

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