11th Circ. Sides With AIG In $5M Fraud Loss Suit

Law360, New York (January 25, 2010, 11:25 AM EST) -- A federal appeals court has affirmed a grant of summary judgment in favor of an American International Group Inc. unit, finding that the insurer did not act in bad faith when it refused to pay a $55,310 judgment to Heritage Corp. of South Florida after the company alleged losses over $5 million.

The U.S. Court of Appeals for the Eleventh Circuit on Friday handed down a ruling affirming the order of summary judgment in favor of AIG's National Union Fire Insurance Co. of Pittsburgh, PA, noting...
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