Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Maurice Greenberg, ex-chairman of American International Group, responded to AIG’s $1 billion fiduciary misconduct action against him with a countersuit yesterday saying the firm’s directors and management made an “unjustifiable” $1.6 billion regulatory settlement.

Mr. Greenberg–who was forced out as AIG chairman and chief executive officer in March 2005–also charged that former and present management and the firm’s auditors, PricewaterhouseCoopers, unnecessarily and improperly restated past company earnings.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.