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AIG Unit Says Gunmaker's Suit Policy Omits $250K Per Year

By Jennifer Mandato ( April 25, 2024, 5:29 PM EDT) -- A gun manufacturer must pay $250,000 in self-insured retention limits for each calendar year that underlying litigation brought by the city of Gary, Indiana, is pending — stretching back to a defense agreement reached 10 years ago — an AIG unit has told a Connecticut federal court, saying the agreement was never terminated....

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