AIG Oversight Extended, Five Years After Spitzer Accord
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American International Group Inc., the insurer seeking an exit from U.S. ownership, was told by regulators to extend the period of oversight imposed as part of a $1.64 billion fraud settlement in 2006.
Therese Pritchard’s term as independent consultant overseeing AIG has been extended through the end of the year, she said in an interview late yesterday. Her duties were set to expire today, according to the insurer’s regulatory filings.