AIG (AIG) rose a little less than 1% in after-hours trading after the Wall Street Journal reported that a judge had approved a settlement the insurer made with some of its rivals over worker’s compensation premiums.
The settlement could put to rest a dispute over the claims. Liberty Mutual has challenged the settlement and was upset about the judge’s ruling.
AIG was accused of misreporting its workers compensation business to state officials, thereby under-paying the insurance pools created to cover injured workers who didn’t have coverage.
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