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Bid Rigging
Douglas Cox, Chief Executive of Universal Life Resources and his affiliated companies will provide 2 million dollars in restitution to US policyholders harmed by the firmâs actions 06.01.06 Times, Insurance
Bid Rigging
NY AG Spitzer has filed criminal indictments against eight former execs of insurer Marsh & McLennan, charges relate to bid rigging allegations 16.09.05 Telegraph, Insurance Links, Financial Services Links, Capital Markets Links
General Re
Subsidiary of Warren Buffett's Berkshire Hathaway is under wider investigation than thought, US probe on deal with AIG is parallel with probes in Australia, UK and Germany 16.08.05 Telegraph, Insurance Links, US Corporate Governance Links
General Re
SEC plans to bring civil suit against former senior exec at Berkshire Hathaway unit, Elizabeth A. Monrad, follows notice of similar charges against present exec Richard Napier, connected with AIG deals 10.05.05 NY Times
Insurance
FBI has begun national probe of insurance industry, wants to see if practices revealed at AIG threaten entire sector .Greenberg may sue to recover painting, desk, dog's medical record and other personal 05.05.05 NY Times, Times, Insurance Links
AIG Devalued
Insurer says restatement of accounts will wipe $2.7b off value of firm, $1b more than expected 03.05.05 NY Times, Insurance Links, US Corporate Governance Links
AIG
PwC is refusing to sign off insurer's accounts . Spitzer will audit ten years' of alleged mis-accounting of worker compensation premiums, may have netted firm tens of millions 27.04.05 Times, Telegraph
AIG
CalPERS and CalSTRS, two of the largest pension funds in US, plan $400m suit to recover value lost on AIG shares due to bid rigging charges .Greenberg silent before regulators, claims 5th amendmen 13.04.05 Times, NY Times
AIG
Greenberg's lawyers say he will not answer questions today, not sufficiently aware of charges and issues, Buffett says he was unaware of deals 12.04.05 NY Times
AIG
Warren Buffett will speak to Spitzer today, likely to be witness in case against AIG, ex-CEO Greenberg to be interviewed tomorrow 11.04.05 Washington Post