“When Did ‘AIG’ Become A 4-Letter Word?”
Remember “AIG”? Wasn’t it reported that “AIG [Had] Beg[un A] Name Change to AIU”? But was it the case, as CNNMoney stated, that “Maybe AIU sounded too much like AIG?” thereby leading to a “new company[, which] is Chartis“?
After the name change(s), what happens in insurance coverage disputes? Should AIG member companies be able to preclude the use of the name “AIG”? Insurance Law360 has published a piece that I wrote explaining why AIG member insurance companies should not be able to preclude the name “AIG” from ever seeing the light of day. Here’s the opening paragraph:
Remember the days when AIG was a company and a name with which the insurance companies within the AIG umbrella wanted to be affiliated? It seems that those days are long past. In fact, AIG insurance companies have asked courts to rule in limine that policyholders cannot even mention AIG at trial. Any such efforts should be rejected outright.
The piece notes that in “cases involving AIG member insurance companies, such as Lexington Insurance Company, National Union Insurance Company, and others, AIG likely was involved with the policy and the claim.” Then the piece discusses the reasons why the name “AIG” is relevant and not unduly prejudicial to the AIG member insurance companies. Want to see more? Click on through for the full article.
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