In a complaint filed last week in the Federal Court in Chicago (National Workers Compensation Reinsurance Pool v. American International Group Inc., 1:07C-2898, U.S. District Court, Northern District of Illinois), American International Group, Inc, aka AIG, claims its rivals Liberty Mutual and Hartford, among others, did not pay enough to industry-funded pools that cover workers compensation injuries.
Most states require companies that sell work comp insurance to fund a pool to help cover workers that work in especially dangerous jobs where the employers have trouble getting insurance in the open market.
In 2007, AIG got accused of not paying their share by its competition and now AIG is accusing the competition of doing the same thing.
All in all a very confusing situation and a good example of the way these insurance companies operate. They are really good at taking in premiums and stingy when it comes to taking care of injured workers. I wouldn’t be surprised if all of these insurance companies are not paying their share.
That is why, if you have been injured on the job in Virginia you need a good Virginia workers compensation lawyer. A Virginia lawyer who specializes in work comp cases and can handle all the difficulties you will encounter during the insurance claim process.
Call us today at 1-877-755-7744 for a free consultation with no obligation.