NU Online News Service, Jan. 7, 12:30 p.m. EST
American International Group Inc. (AIG) has tentatively agreed to pay $450 million to seven named insurance companies in order to settle a protracted federal civil lawsuit over alleged underreporting of workers' compensation premiums.
However, Liberty Mutual subsidiaries Safeco Insurance and Ohio Casualty Insurance, who had filed the lawsuit in April 2009 on behalf of a pool of insurers, are not part of the settlement.
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