ArentFox Schiff offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM ArentFox Schiff offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM

Clear Blue Insurance is suing global broking giant Aon over accusations of fraud, alleging in a new lawsuit that Aon eschewed standard marked practice and plunged the insurance company into "a global, multibillion-dollar insurance and reinsurance scandal with hundreds of millions of dollars of insurance and reinsurance premium now presumed to be unrecoverable."

The Manhattan Supreme Court suit, filed Thursday, alleges that Aon "wrongfully" used its unified platform to lure clients and reap huge profits, while allowing the company's subsidiaries to violate Bermuda licenses, breach contracts, act recklessly, and generally expose their clients to substantial risk and losses.

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Emily Saul

Emily Saul is a Litigation Reporter for the New York Law Journal, covering white collar crime and business courts in New York City. She can be reached via email at [email protected] or on Twitter @emily_saul_

Litigation