Friday, May 22, 2009

 

Insurance broker sues AIG over business practice

LOS ANGELES—A California insurance broker is suing American International Group, accusing the nation's largest insurance and financial corporation of engaging in unfair business practices... Insurance broker Linda Harris, president of the Independent Financial Planning Group, filed the lawsuit Thursday in Los Angeles Superior Court.

The lawsuit accuses AIG of using funds from its California insurance companies to support its financial services business and telling brokers and policy holders that the insurance business in insulated from its losses in the financial derivatives market...

Mercury News: Insurance broker sues AIG over business practice

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