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AIG Pays $12.5M to Settle with States Over Bid-Rigging Allegations

National News • January 29, 2008
American International Group, Inc. (AIG) confirmed today that it has reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and ...

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Subject: International Legal Perspective - Just a thought

Posted On: January 30, 2008, 12:45 pm CST
Posted By: global1
Comment:
One wonders if it is only a matter of time before non-U.S. jurisdiction AGs get involved (I am not talking specifically about AIG here, it could, 'hypothetically' be any insurer/broker). If risks subjected to those 'B quotes' were also located in England, etc. (but brokered and/or underwritten in the U.S.), then clients in other countries may 'explore' the possibility of taking action to protect their interests. I WONDER WHAT THE FSA in the UK IS DOING HERE, IF ANYTHING....Why should the U.S. take action and nobody else? Can somebody please explain? Doesn't anyone realize that global brokers may refer a risk located in one country to be underwritten in another (and steer the business accordingly)? I
Subject Posted By Posted On
RE: Question tom
Feb 7, 2008, 5:42 pm
RE: International Legal Perspective - Just a thought tom
Feb 7, 2008, 5:37 pm
Excess Casualty global1
Jan 30, 2008, 2:48 pm
Question ad
Jan 30, 2008, 2:20 pm
International Legal Perspective - Just a thought global1
Jan 30, 2008, 12:45 pm
RE: Continued Attorney General Extortion of Broker Money Tom
Jan 30, 2008, 9:08 am
Continued Attorney General Extortion of Broker Money anon
Jan 29, 2008, 3:19 pm
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