New York AG’s, SEC Subpoenas Target AIG ‘Non-Traditional’ Insurance

February 14, 2005

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.