Showing posts with label merican National Property and Casualty Company. Show all posts
Showing posts with label merican National Property and Casualty Company. Show all posts

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