Wednesday, August 20, 2008

Bad Guys Lose: American National General Insurance Company Hit For $60 Million in Punitive Damages

"There's honor among thieves," so the saying goes. Think so? Not so fast.

A Utah jury awarded compensatory damages of more than $3 million and punitive damages of $60 million in a case involving deflection of another company's insurance agents. Texas-based American National Insurance Company and its subsidiaries American National Property and Casualty Company and American National General Insurance Company say they intend to ask for a retrial of all issues.

StreetInsider.com August 13, 2008 Read Article: StreetInsider.com

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