AIG-Heath Lambert case settled

A $6mn legacy dispute between Heath Lambert and American
International Group (AIG) subsidiary The Insurance Company of the
State of Pennsylvania (TICSP) has been settled out of court for an
undisclosed amount.
TICSP sued the AJ Gallagher-owned broker, which now trades as
Gallagher Heath, after it was unable to collect on a legacy
reinsurance policy.
The claims relate to two personal injury and property damage
policies written for fruit company Castle & Cooke between 1968
and 1974.
The firm f