Copyright 2009 TheStreet.com, Inc.All Rights Reserved
TheStreet.com
November 12, 2009 Thursday 14:41 PM EST
SECTION: NEWS & ANALYSIS; Top Business News
LENGTH: 113 words
HEADLINE: AIG's Chartis Rates Fair, CFO Says
BYLINE: Jeanine Poggi, TheStreet.com Staff Reporter. Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
NEW YORK (TheStreet) -- American International Group's(AIG:NYSE) property casual division would rather lose sales than cut rates, according to a report. Robert Schimek, the CFO of Chartis, said comments from other insurers that the unit has been selling coverage at unsustainable rates are false, Bloomberg reported.The insurers that have been spreading these "rumors" that AIG is offering coverage at below-market rates to retain clients include Chubb and Liberty Mutual.The Government Accountability Office said in a March that it did not discover evidence of under-pricing by AIG.-- Reported by Jeanine Poggi in New YorkFollow TheStreet.com on Twitter and become a fan on Facebook.
LOAD-DATE: November 13, 2009
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