American International Group and C.V. Starr & Co. Inc. haveagreed to some form of arbitration to settle the dispute that beganwhen Maurice Greenberg was ousted as AIG chairman.

At a hearing yesterday, New York Supreme Court Justice HermanCahn urged the parties to take the mediation path and set a hearingfor Monday at 11 a.m. to monitor progress and hear continuingarguments on both sides as to his previous restraining orders.

Mr. Greenberg, who was forced out as AIG chairman and chiefexecutive officer amid an investigation of the insurer's accountingirregularities, has been using the Starr brokerage and managinggeneral agent entities, which were once inextricably linked withAIG, as his new industry flagship in the aftermath of hisouster.

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