American International Group, Inc. acknowledged that it has received subpoenas from New York Attorney General Eliot Spitzer and the Securities and Exchange Commission “relating to investigations of non-traditional insurance products and certain assumed reinsurance transactions and AIG’s accounting for such transactions.”
The company said the subpoenas were received after its recent Feb. 9 earnings conference call.
The company said it is cooperating with the officials.
Was this article valuable?
Here are more articles you may enjoy.
Florida Surplus Lines’ HO Premiums Now Average About the Same as Admitted Market 
Brown & Brown Wins Temporary Injunction Against Howden 
Some College Finals Delayed After Canvas Online Platform Hacked 
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
