ÌìÃÀÍøÕ¾´«Ã½´«Ã½

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ wins restraining order against Greenberg

February 19, 2006

A New York judge has granted American International Group a restraining order against its former chief executive officer, Maurice Greenberg, and his agency, Starr Technical Risk Agency, that bars Starr from placing its ÌìÃÀÍøÕ¾´«Ã½´«Ã½ risks with other insurers.

The judge said his restraining order would remain in effect until the parties settle their differences in arbitration.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ maintains that Starr Technical and ÌìÃÀÍøÕ¾´«Ã½´«Ã½ have had an exclusive contract since 1992.

C.V. Starr says that ÌìÃÀÍøÕ¾´«Ã½´«Ã½ is trying to keep its agency from competing. Starr claims that its agency is free to write accounts with other carriers when ÌìÃÀÍøÕ¾´«Ã½´«Ã½ is not competitive.

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