AIG, Three Others Will Pay $27 Million in Antitrust Suit
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American International Group Inc., the bailed-out insurer, is one of four insurance companies that will pay a total of $27 million to resolve a lawsuit claiming they improperly sold excess casualty policies.
AIG, Liberty Mutual Holding Co., Travelers Cos., Inc. and XL Group Plc agreed to settle the case with buyers of insurance policies sold from 1998 through 2004. Five other insurers agreed to settle a related set of claims over non-excess casualty policies.