A California jury has slammed three AIG insurance subsidiaries with $55 million in breach of contract and bad faith damages—including $46 million in punitives. The verdict followed a dramatic, if not bizarre, trial that saw the judge impose sanctions over AIG discovery shenanigans, while a key company witness took the Fifth Amendment to avoid perjury charges.
- David Hersh
- Michael Kilgore
Ben T. Schmitt
William M. Shernoff
- Western Pennsylvania Hospital dismisses suit against healthcare firm over claim payment dispute | Pennsylvania Record
- Court OKs motion for summary judgment in case involving injured Pinellas Park police officer | Florida Record
- Fraud of the Month: Socialite steals $20 million after mansion burns | PropertyCasualty360