TITLE

GIC Ratings Unaffected by AIG's $1.64B Settlement

AUTHOR(S)
Fine, Jacob
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/10/2006, Vol. 355 Issue 32317, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on American International Group Inc.'s $1.64 billion settlement with the New York attorney general and state insurance Department as well as the United States Securities and Exchange Commission and the Department of Justice. The company will also settle an additional $1.69 billion pre-tax charge against earnings for the fourth quarter of 2005 following a review of its loss reserves by an independent consultant.
ACCESSION #
20281567

 

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