NU Online News Service
WASHINGTON--American International Group Inc., responding to Congressional criticism of a lavish resort event staged just days after being bailed out by the federal government, said the function was for top independent agents, not company executives.
In a letter sent to Treasury Secretary Henry Paulson, Edward Liddy, AIG chairman and chief executive officer, said the event had been mischaracterized as an "executive retreat" during a hearing yesterday by the House Oversight and Government Reform Committee.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.