New York AG’s, SEC Subpoenas Target AIG ‘Non-Traditional’ Insurance
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.
Popular Today
- Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance
- People Moves: Aon Appoints Peiser CEO of Risk Capital; Liberty Mutual Announces Leadership Transition in Global Risk Solutions
- Experian Launches Insurance Marketplace App on ChatGPT
- Gun Accessory Company to Pay $1.75 Million to Buffalo Supermarket Shooting Victims