NU Online News Service, July 21, 4:02 p.m. EDT
Policyholders suing American International Group (AIG) over alleged excessive workers' compensation rates can continue to do so, the Supreme Court of South Carolina has ruled.
The U.S. District Court for the District of South Carolina had asked the state Supreme Court to determine if a state rate doctrine prohibited the lawsuit against AIG filed by Temporary Services Inc. and Charleston Steel and Metal Company.
The rate doctrine states that because a state agency has the authority to determine rates, courts cannot judge what a reasonable rate should be in a collateral lawsuit, according to court records.
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