Litigation

AIG agreed to pay $725 million to Ohio and Florida public pension plan funds in a securities class-action settlement to resolve bid-rigging allegations that the funds said had negatively impacted the company's value.

Policyholders suing American International Group (AIG) over allegedly excessive workers' compensation rates can continue to do so, the Supreme Court of South Carolina has ruled.

Despite substantial losses directors and officers and errors and omissions insurers experienced from the financial crisis, ratings actions have been negligible, Moody's Rating Service said.

A new report by Advisen Ltd. shows the 2010 second quarter saw a 30 percent jump in securities lawsuit filings compared to the first quarter.

New York Supreme Court Judge James A. Yates has thrown out the 2008 convictions of two former executives of Marsh on felony monopoly charges for accepting contingent commission kickbacks.

A three-judge panel has denied the federal government's request to reinstate a six-month deepwater drilling moratorium pending the government's appeal of a lower court decision that lifted the moratorium last month.

American International Group agreed to pay $725 million to Ohio and Florida public pension plan funds in a securities class-action settlement to resolve bid-rigging allegations that the funds said occurred up to 2005.

Nearly two years after Hurricane Ike destroyed the town of Galveston, Texas, the Texas Windstorm Insurance Association reached a $189 million settlement with policyholders.