WASHINGTON–Sen. Robert Menendez, D-N.J., asked federal and state regulators today to look into whether American International Group was able to use government bailout monies to engage in unfair price competition.
Mr. Menendez said he wanted financial services regulators to authorize an "independent actuarial evaluation" of the pricing of American International Group's property-casualty products.
In response, New York Insurance Superintendent Eric Dinallo discounted the problem.
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