NU Online News Service, July 6, 11:30 a.m. EDT
American International Group Inc. (AIG) is now free to proceed with a lawsuit alleging other insurers conspired to underreport workers' compensation premiums, which the company said skewed the market.
"The ruling ensures that AIG's competitors will be held to the same scrutiny as AIG, and that there will be a full inquiry into those companies' own premium underreporting," AIG spokesman Mark Herr said in an e-mail.
AIG is being sued by a group led by Liberty Mutual, which alleges AIG underreported workers' compensation premiums to residual insurer National Workers' Compensation Reinsurance Pool (NWCRP).
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