AIG settles with states

Published 10/22 2012 10:20PM

Updated 10/23 2012 11:22AM

ILLINOIS -- The state will get part of an $11 million settlement with AIG. We're one of seven states which investigated AIG's practices for paying beneficiaries of life-insurance policies.

Along with the payout, AIG agreed to change the way it handles its business practices. The money won't be paid until all states involved agree to the settlement.

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