If you have been keeping up with recent developments, you no doubt have read about the fact that AIG is paying out $596 million to settle two court actions. The first involves $146 million to various states where AIG has apparently under reported $2.1 billion in WC premium between 1985 and 1996. The second involves $450 million to AIG's competitors in the WC market, the likes of which include, among others, Liberty Mutual, Travelers, Hartford, and ACE.
Now WC is certainly not ...
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