Million in losses from victims of Bernard Madoff’s Ponzi scheme have been paid off by insurer American International Group under homeowners insurance policies that covered “fraud, embezzlement or forgery.”

The insurer, …  Read →

Insurance brokerage Willis Group Holdings now faces a second federal lawsuit, linked to a $7 billion Ponzi scheme allegedly perpetrated by Allen Stanford and Stanford Financial Group.

In the latest suit, …  Read →

Fueled by two large-scale Ponzi schemes, securities litigation in the commercial insurance industry is “surging,” according to an analysis of first quarter activity, which showed an increase of 44 cases …  Read →