California Attorney General May Open Case

– AIG Stonewalled California Regulators on Workers’ Comp

By: Workers' Comp Executive - The journal of record for the workers' comp community in California.

California Attorney General Bill Lockyer says he may open his own investigation into the insurance giant American International Group. But first he is reviewing the complaint filed against AIG by New York Attorney General Eliot Spitzer. AIG stands accused of engaging in sham insurance actions, hiding losses from its underwriting business, stonewalling regulators and mischaracterizing workers' comp premiums to avoid taxes. The California Department of Insurance says it already is probing AI

Read More...

This content is for premium subscribers. To read please login or subscribe below.

Subscribe Log In