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American International Group, Inc. Message Board

  • d_fens_usa d_fens_usa Aug 7, 2005 9:49 AM Flag

    When is settlement date?

    And what is the estimated cost?

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    • MarketWatch
      Market Pulse: AIG, Spitzer set to settle for less than Marsh: FT
      Monday August 8, 6:34 am ET
      By Abby Deveney

      LONDON (MarketWatch) -- American International Group's settlement with New York State Attorney General Eliot Spitzer is likely to be far less than the $850 million paid by Marsh and McLennan, The Financial Times reported. AIG is in talks with Spitzer on a settlement related to inaccuracies in its accounting of finite reinsurance contracts. The settlement, expected next month, is likely to be smaller than Marsh's because it's difficult in their case to estimate the harm investors suffered, the FT reported.

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