American International Group’s (AIG) directors and officers’ insurers will pay $150 million to resolve legal disputes with former company executives.

Allstate Corp. said its net income for the second quarter fell, drawn downward by investment losses, although the performance of its insurance and financial services units were improved.

After nearly four years of legal wrangling, former American International Group chief executive officer Maurice “Hank” Greenberg and his ex-employer have agreed to resolve their differences.

Two civil suits have been filed against American International Group, including one where a California insurance broker alleges that the insurer used funds from its California insurance business to boost …  Read →