Safeco Insurance Company of America, et al. v. AIG, et al.
Analysis Group was retained by the law firms of Grippo & Elden and Butler Rubin Saltarelli & Boyd on behalf of a class of insurance companies and Liberty Mutual, the plaintiffs in this matter filed in the US District Court, Northern District of Illinois. Liberty Mutual and its coplaintiffs, forming a putative class of insurance firms, alleged that AIG, Inc. had fraudulently underreported to state insurance regulators the premiums it made selling workers' compensation policies and, as a result, had evaded related financial obligations to the plaintiffs. They sought $1 billion in damages. Our team, led by Managing Principal Jeffrey Cohen, supported academic affiliate MIT Professor Arnold Barnett in providing a statistical sampling analysis to the court for the purpose of feasibly analyzing hundreds of thousands of claim files spanning several decades and nearly every state.