AIG: Hanky Panky

Just a few days before American International Group removed Maurice ‘Hank’ Greenberg as chief executive, a curious article appeared in a British insurance trade magazine. According to Post Magazine (»The Insurance World Covered Since 1840»), AIG is in the midst of its «most significant review to date» when it comes to scrutinizing «every one» of its directors’ and officers’ (D&O) insurance policies. These are the safeguards directors across the world rely upon to ensure they won’t lose their yac...