February 29, 2016
An AIG affiliate told a New York federal court on Monday that it had reached a settlement with Coventry First LLC, from which it had sought a $2 billion judgment over an alleged scheme to inflate the prices of hundreds of life insurance policies.
October 26, 2015
An attorney for AIG urged a New York federal judge on Monday to hit Coventry First with a $2 billion judgment over an alleged scheme to inflate the price of hundreds of life insurance policies, wrapping up a bench trial on racketeering and fraud claims.
October 14, 2015
Coventry First LLC executive Reid Buerger sought Wednesday to downplay the nature of his business relationship with AIG as the insurance giant pressed its $2 billion racketeering and breach of fiduciary case against the life policy seller at a New York bench trial that was slowly winding toward a conclusion.
August 28, 2015
American International Group Inc.'s former head of risk management said Friday he was "stunned" to hear allegations that life policy seller Coventry First LLC systematically overcharged the insurance giant, but Coventry sought to dispel AIG's $2 billion racketeering case by portraying him as part of a loose operational culture that tolerated departures from contractual rigors.
August 27, 2015
Counsel for American International Group Inc. unit Lavastone Capital LLC likened the family operators of life policy seller Coventry First LLC to mobsters Wednesday at the start of a civil racketeering trial in which the insurance giant is asking for more than $2 billion in payment, damages and interest from allegedly illegal overcharges.