New York to Investigate Workers' Compensation Payments at AIG

New York Attorney General Eliot Spitzer on Tuesday said he will audit American International Group Inc. over reports that it improperly booked workers' compensation premiums, providing an "unlawful benefit" to the company worth tens of millions of dollars. Spitzer said a 1992 AIG memorandum to top management reported the practice was illegal, a notice that followed similar warnings in previous years.

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