Liberty Mutual made official its opposition to a proposed settlement with American International Group (AIG).
Liberty Mutual’s Ohio Casualty and Safeco units filed court papers to a proposed settlement of the class action suit pending against AIG. In January, AIG agreed to pay seven insurers $450 million to settle a long-running case over an alleged $1 billion workers' compensation under-reporting scheme. ACE INA Holdings, Auto-Owners Insurance Co., Companion Property & Casualty Insurance Co., FirstComp Insurance Co., The Hartford Financial Services Group, Technology Insurance Co. and Travelers Indemnity Co. will receive the settlement.
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