AIG to pay $450 mln to settle premium under-reporting lawsuit
Reuters, Jan. 7, 2011
January 06, 2011 at 07:00 PM
2 minute read
The original version of this story was published on Law.com
(Reuters) – American International Group Inc (AIG.N) has agreed in principle to pay $450 million to settle a lawsuit with rival insurance companies over alleged under-reporting of premiums on workers' compensation policies, court documents showed.
The civil lawsuit was filed in mid-2009 by two firms, Safeco Insurance Co of America and Ohio Casualty Insurance Co, on behalf of a group of insurance companies and alleged a $1 billion workers' compensation under-reporting scheme at AIG.
Read the full Reuters story, “AIG to pay $450 mln to settle premium under-reporting lawsuit.”
(Reuters) –
The civil lawsuit was filed in mid-2009 by two firms, Safeco Insurance Co of America and Ohio Casualty Insurance Co, on behalf of a group of insurance companies and alleged a $1 billion workers' compensation under-reporting scheme at AIG.
Read the full Reuters story, “AIG to pay $450 mln to settle premium under-reporting lawsuit.”
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