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AIG Vows to Fight Employer Class-Action Lawsuits

By Greg Jones (Senior Editor)

Friday, October 11, 2013 | 0

American International Group on Thursday said it will fight three federal class-action lawsuits filed in California, New Jersey and New York that it says are nothing more than an attempt to rehash already settled allegations that it underreported workers' compensation premiums.Employers said in complaints filed on Tuesday that they overpaid annual surcharges and assessments as a result of AIG underreporting premium to state regulators for the past 40 years. The employers are seeking compensatory and punitive damages pursuant to state laws and the federal Racketeering Influenced and Corrupt...

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