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FSA Fines AIG GBP640,000
http://investment-blog.net/ fsa-fines-aig-gbp640000/
FSA Fines AIG GBP640,000 0 FSA Fines AIG GBP640,000 Last Update: 5/21/2008 6:43:22 AM Edited Press Release LONDON (Dow Jones)–The Financial Services Authority (FSA) said Wednesday it has fined UNAT DIRECT Insurance Management GBP640,000 for failings relating to a lack of effective control and oversight over its appointment of call centres. UNAT, an indirect, wholly-owned subsidiary of American International Group (AIG), used nine call centres to sell general insurance products (mainly personal accident insurance policies) underwritten by another AIG group company.
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