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The National Workers’ Compensation Reinsurance Pool (NWCRP) in Chicago filed a federal lawsuit today accusing American International Group of defrauding hundreds of rival workers’ compensation insurance carriers of possibly $1 billion by ducking its required share of the high-risk comp market.

AIG meanwhile filed its own lawsuit in New York state court seeking a declaration that the charges at issue were disposed of when it arranged a $301 million settlement with the New York Attorney General’s Office in January 2006.

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