American International Group was defending itself again yesterday against reports it paid for a lavish resort junket even as it was arranging for a greater government bailout.
The giant conglomerate put out a statement today denying any heavy spending in the wake of televised stories about a financial planners' seminar at the Pointe Hilton Squaw Peak Resort in Phoenix last week.
ABC News Phoenix outlet KNXV characterized the meeting–which did not display AIG logos–as a “secret gathering” and reported they had hidden videos of AIG executives at pools and spas.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.