American International Group has paid nearly $1 billion to state regulators and competitors as a result of systematic underreporting of workers' compensation premiums that came to light 10 years ago, but policyholders who say they overpaid surcharges and assessments as a result of the scheme waited too long to file a class-action suit against the carrier, a federal judge ruled.
In October 2013, employers in California, New Jersey and New York filed separate complaints against AIG and its former Chief Executive Officer Maurice "Hank" Greenberg, alleging violations of the Racketee...
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