AIG liable for claimants' costs in group litigation case

Posted On: Jan. 23, 2019 4:41 AM CST

U.K.'s High Court has ruled that insurer American International Group Inc. must pay 50% of the claimants’ costs in a group litigation case despite having limited its liability, Out-Law.com reported. A group of claimants had been successful in litigation against U.K.-based Giambrone and Law over a property investment plan. AIG said that it was entitled to aggregate the claims against Giambrone with cover limited to £3 million ($4 million).