NU Online News Service, Aug. 27, 2:24 p.m. EDT
Attorneys will be in federal court in Chicago on Monday to discuss management of a prospective class-action for more than 500 insurers, which accuses American International Group of civil racketeering and fraud.
The case–so complex that a judge said it may take an actuarial expert to unsnarl it–stems from the revelation in 2005 that AIG "for several decades" filed fraudulent reports to avoid the financial impact of taking on its proportionate share of the National Workers' Compensation Reinsurance Pool (NWCRP).
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