AIG Unit Freed From Subrogation Class Action

Law360, New York (November 8, 2013, 7:44 PM EST) -- An American International Group Inc. subsidiary on Thursday secured the dismissal of a class action brought by a New York couple who accused the insurer of wrongfully going after a third party before fully compensating them for damage caused by a faulty water cooler.

A New York state judge backed AIG unit New Hampshire Insurance Co.’s argument that a prior state appellate ruling bars Brooklyn homeowners Nusyn and Chaya Erlich from pursuing part of a settlement payout they say they are owed by the insurer and...
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