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AIG Gets more Time to Submit Documents, Confirms Settlement Talks

Tuesday, May 21, 2013 | 0

By David Dankwa, Senior ReporterA federal judge in South Carolina who ordered American International Group in April to produce documents and information concerning workers’ compensation third-party recoveries and reimbursements within 20 days has given the insurer additional time to comply with the order. Meanwhile, AIG disclosed in court papers that it has been discussing a settlement with plaintiff Thrift Development Corp., the South Carolina general contractor that filed the class-action lawsuit against the insurer in March of 2012. AIG said the parties have discussed a stay of discov...

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