AIG boss allowed to use company jet for private trips
AIG must have at least $300m in aircraft liability insurance coverage, as well as aircraft hull insurance as part of a deal to allow chief executive Robert Benmosche personal use of the company jet, Dow Jones reports.
AIG initially offered Benmosch use of the Jet but the US Treasury rejected that part of his deal. It has since approved “incidental” journeys but Benmosche has to pay.
