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Employers Sue AIG for Underreported Premiums

By Greg Jones (Senior Editor)

Thursday, October 10, 2013 | 0

By Greg Jones, Western Bureau ChiefAmerican International Group - which has already paid more than $900 million to its competitors and state regulators for underreporting workers' compensation premiums - now faces a trio of lawsuits filed by employers who say they, too, should be compensated.Employers filed lawsuits Tuesday in federal courts in California, New Jersey and New York seeking compensation and damages for overpaying surcharges and assessments for the past 40 years as a result of AIG's business practices.AIG settled claims that it underreported premium with rival carriers las...

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