Reuters: Regulatory News: AIG in multistate settlement over life policies

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AIG in multistate settlement over life policies Oct 22nd 2012, 18:45 Mon Oct 22, 2012 2:45pm EDT Oct 22 (Reuters) - Insurer American International Group Inc has agreed to an $11 million settlement with a group of states over its claims settlement practices for life insurance policies, Pennsylvania insurance authorities said on Monday. Seven states participated in the settlement, according to a copy of the agreement posted on the website of Pennsylvania's insurance department.

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