Princeton University Awaits Ruling In Legal Fees Case With Insurance Giant AIG

One of the most prestigious universities in the world and the largest insurer in the world are nearing the end of a heated legal battle concerning insurance for legal fees. Princeton University took American International Group (AIG) to court back over “how much American International Group must pay the school to cover legal fees from a protracted legal battle over an endowment” according to National Underwriter.

As I’m sure you’re aware AIG is the behemoth provider of life, health, travel, auto insurance and many more financial services. Princeton is suing AIG’s subsidiary National Union Fire Insurance Company because they refused to “pay no more than $5 million to cover defense costs” even though “the university has a $15 million policy.”

The legal fees stem from “litigation with family members of the Robertson Foundation.”



“According to court documents, the family of Charles and Marie Robertson, who established the endowment, accused Princeton of improper expenditures—allegedly spending money from the trust for purposes other than supporting the graduate program of the Woodrow Wilson School of Public and International Affairs.




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