NU Online News Service, Aug. 27, 2:24 p.m.EDT
Attorneys will be in federal court in Chicago on Monday todiscuss management of a prospective class-action for more than 500insurers, which accuses American International Group of civilracketeering and fraud.
The case–so complex that a judge said it may take an actuarialexpert to unsnarl it–stems from the revelation in 2005 that AIG"for several decades" filed fraudulent reports to avoid thefinancial impact of taking on its proportionate share of theNational Workers' Compensation Reinsurance Pool (NWCRP).
Continue Reading for Free
Register and gain access to:
- 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
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
