Travel insurance falls short for siblings in crisisAlbany Times UnionThat's probably her best shot at getting more from Travel Guard, which is underwritten by the National Union Fire Insurance Co. of Pittsburgh, a subsidiary of taxpayer-rescued AIG. In the meantime, Ricci has refused to cash the company's check for the ...

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AIG's Chartis and American General Merge Group Benefits Units To Form AIG ...MarketWatch (press release)... IL), American General Indemnity Company* (Omaha, NE), American General Life Insurance Company* (Houston, TX), The United States Life Insurance Company in the City of New York (New York, NY) and National Union Fire Insurance Company of Pittsburgh, ...and more »

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4 Cheap Large Cap Stocks Taking Off Right NowSeeking AlphaAmerican International Group, Inc. (AIG) is a property and casualty insurance company with a market cap of $47.39 billion. The company is priced at 9.60 times its forward earnings and has a RSI of 57.86. AIG recently traded at $24.95 a share. ...

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New Position Will Help Put Science Behind Chartis' Strategic InsuranceInsurance News Net (press release)Chartis Insurance Group includes 11 insurance companies, with nine that participate in a pooling agreement led by National Union Fire Insurance Co. in Pittsburgh, Pa. The group represents virtually all of the domestic property/casualty business of AIG, ...and more »

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Breckenridge Insurance expands commercial property operationsInsurance Business ReviewPrior to Blue River, Marks worked as a commercial insurance broker program administrator where he managed a $25m property portfolio. He also held executive positions with AIG and Markel. Mathis served in underwriting, account management positions with ...Breckenridge Forms Program Business Underwriting Facility; Expands Commercial ...MarketWatch (press release)all 7 news articles »

Breckenridge Forms Program Business Underwriting Facility; Expands Commercial ...MarketWatch (press release)Marks joins Blue River Underwriters from a commercial insurance broker/program administrator where he managed a $25 million property portfolio. He also held executive positions with AIG and Markel. Mathis has held underwriting and account management ...and more »

2156 STRATFORD CIRCLE, LLC v. AIG, INC.Leagle.comLewis Brisbois Bisgard & Smith LLP, Rebecca R. Weinreich, Douglas R. Irvine and Jeffrey A. Miller for Defendants and Respondents AIG Domestic Claims, Inc., National Union Fire Insurance Company of Pittsburgh, PA, and William Bush.

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Back in February 2007, when investors in New Century Financial Corporation filed a securities class action lawsuit against the company and certain of its directors and officers, there was little reason to suspect at the time that problems at the company represented the leading edge of a looming financial crisis or that the case itself was the first lawsuit in what ultimately grew to become a mountain of subprime and credit crisis-related litigation. But even now, five years later, the litigation wave continues to churn through the system, though we are now mercifully well past the depths of the financial crisis.

 

As reflected below, though many of the cases have now been resolved, many more remain pending, and the likelihood is that the litigation will continue for years to come.

 

In the five years since the first of the credit crisis lawsuits was first filed, there have been nearly 230 subprime and credit crisis related lawsuits filed, including four in 2011. A list of all of the filings can be accessed here. 2008 was the peak year of the financial crisis and also the peak year for credit crisis related lawsuit filings, when there were 102 subprime and credit crisis-related cases filed.

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Hastings Chairman to face Lloyds disciplinary boardNews-Insurances (press release) (blog)Equity Red Star experienced sever losses under Utely's management which required Insurance Australia Group (AIG), the parent company, to set aside hundreds of millions of pounds. In late 2010 the Financial Services Authority (FSA) ordered the company ...

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Ironshore Names Tracey as VP, Specialty CasualtyInsurance JournalShe was also with AIG's Lexington Insurance Co. for more than 11 years, where she served in various capacities in both the property and casualty areas. Ironshore Specialty Casualty offers coverages to serve various industry classes, ...

AIG Update: Raising Property & Casualty Insurance Rates to Offset Tough YearTrefis (subscription)AIG (NYSE:AIG) has been aggressively raising its property and casualty insurance rates in the US this year. The company increased overall commercial rates by 4.6% in the US, with property-insurance prices rising by 8.8%. The company is also passing ...Short-term Underperformance Detected in Shares of Hartford Financial Services ...Financial News Network Onlineall 4 news articles »

AIG Gets $575M In Disaster Protection Through Catastrophe BondsWall Street JournalCatastrophe bonds, an alternative to traditional reinsurance, pass the risk of losses from natural disasters to fixed-income investors. Buyers of the bonds risk losing their entire investment if a major disaster strikes but can earn outsized returns if ...Chartis Obtains $575 Million of Reinsurance Coverage; Fully Collateralized ...MarketWatch (press release)all 5 news articles »

Chartris In Cat Bond Deal With CompassBernewsChartis announced it has entered into a reinsurance transaction with Bermuda's Compass Re, which will provide $575 million of protection to Chartis against US hurricanes and earthquakes. This represents a substantial increase from the $275 million of ...Chartis Obtains $575 Million of Reinsurance Coverage; Fully Collateralized ...MarketWatch (press release)AIG Gets $575M In Disaster Protection Through Catastrophe BondsWall Street Journalall 7 news articles »

AIG to Present at the Goldman Sachs U.S. Financial Services ConferenceMarketWatch (press release)NEW YORK, Dec 02, 2011 (BUSINESS WIRE) -- American International Group, Inc. /quotes/zigman/557836/quotes/nls/aig AIG +1.17% announced today that Peter D. Hancock, Chief Executive Officer of Chartis, AIG's global property casualty business, ...AIG to Present at the Goldman Sachs U.S. Financial Services ConferenceEON: Enhanced Online News (press release)all 6 news articles »

BernewsValidus Withdraws Its Transatlantic OfferBernewsThe withdrawal came after Transatlantic last week agreed to sell itself to property and casualty insurer Alleghany Corp for $3.4 billion. Transatlantic, once majority-owned by American International Group [AIG], had repeatedly rejected Validus hostile ...Transatlantic accepts offer from AlleghanyBusiness Insuranceall 11 news articles »

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HARRIS v. AMERICAN INTERNATIONAL GROUP, INC.Leagle.com... National Union Fire Insurance Company of Pittsburgh, United Guaranty Residential Insurance Company, MG Reinsurance Company, AIG Securities Lending Corporation, SunAmerica Life Insurance Company, and SunAmerica Annuity and Life Assurance Company. ...

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