Robert Willumsted and others demand case be thrown out
Former AIG CEO Robert Willumstad and 15 other former “outside directors” asked a federal judge in Manhattan to dismiss a D&O lawsuit from the Louisiana Municipal Police Employees' Retirement System pension fund, Reuters reports.
The claim is that the directors ignored warnings about the company’s finances.
"As a matter of settled law in this court and pure logic, the outside director defendants cannot have relied on their own alleged misstatements," lawyers for the accused said.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
