AIG, Insurance Pool Trade Suits Over Workers Comp

Law360, New York (May 25, 2007, 12:00 AM EDT) -- Insurance giant American International Group has been hit with a lawsuit alleging the company bilked a workers compensation insurers group out of nearly $1 billion by underreporting workers compensation premiums.

The National Workers Compensation Reinsurance Pool, a group composed of 600 providers of workers insurance, filed the suit on Thursday in the U.S. District for the Northern District of Illinois.

The suit claims that AIG, a member of NWCRP, underreported insurance premiums in order to avoid taking on its fair share of high-risk insurance agreements, as...
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