Aviva unit fined by U.K. for failing to stop fraud
Article Abstract:
The UK Financial services Authority levied a 1.26 mil pounds sterling fine on Norwich Union Life, a division of insurance firm Aviva PLC, for data security failures that enabled criminals to cash customer policies. The thieves accessed Norwich's databases and cashed 74 policies at a total value of 3.3 mil pounds sterling, impersonating customers using publicly available data.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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SEC charges AIG with fraud
Article Abstract:
American International Group Inc. has been charged with fraud by the US Securities and Exchange Commission. The company has been charged for aiding Brightpoint Inc. in ovestating its earnings for 1998 with a fake insurance policy.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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AIG faces a sanction on PNC transactions; 'shot across the bow'
Article Abstract:
American International Group Inc could face civil action over transactions involving PNC Financial Services Group. AIG allegedly helped PNC hide bad loans.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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