STORY FROM: Reinsurance & Arbitration

Philadelphia Jury Renders $24 Million Verdict Against Aon

PHILADELPHIA - A Pennsylvania federal jury has returned a $24 million verdict against Aon Corp., finding that the broker caused United National Insurance Co. to suffer massive damages by withholding key information in marketing an insurance program to an Italian reinsurer. United National Insurance Co., et al. v. Aon Ltd., et al., No. 04-CV-539, E.D. Pa.).

The Dec. 5 verdict was for the full amount demanded by United National in an action filed in the U.S. District Court for the Eastern District of Pennsylvania. United National's counsel said in a press release that they hope to add $9 million in ...

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