1st Circuit: AIG Must Cover Failed Bank Executives' Claims

1st Circuit: AIG Must Cover Failed Bank Executives' Claims

BOSTON - The First Circuit U.S. Court of Appeals on March 20 ruled that AIG Insurance Co. - Puerto Rico (AIG) must pay attorney fees and costs incurred by the directors and officers of the failed Westernbank Puerto Rico in a $176 million coverage suit, upholding a district court's order (W Holding Company Inc., et al. v. AIG Insurance Co. - Puerto Rico, No. 12-2508, 1st Cir.).

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