AIB brings legal proceedings against numerous insurers

AIB has brought legal proceedings against a number of insurers after they declined to cover the bank for losses arising out of $700m (€596m) fraud by rogue trader John Rusnak, writes Ann O'Loughlin.

AIB brings legal proceedings against numerous insurers
Mon, 31 Jul, 2017 - 16:14

AIB has brought legal proceedings against a number of insurers after they declined to cover the bank for losses arising out of $700m (€596m) fraud by rogue trader John Rusnak, writes Ann O'Loughlin.

The bank says its insurance policies, which includes claims due to crime, covered it for sums in excess of $200m.

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CourtsCourt casePlace: BaltimorePlace: USPlace: New YorkPerson: John RusnakPerson: Ann O'LoughlinPerson: Brian McGovernPerson: RusnakPerson: Sharon DalyPerson: DalyOrganisation: AIBOrganisation: AIGOrganisation: Chubb Insurance of EuropeOrganisation: Lloyds SyndicatesOrganisation: Commercial CourtOrganisation: AllfirstOrganisation: RusnakOrganisation: Bank of AmericaOrganisation: Citibank
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