BOSTON (Reuters) - The chairman of American International Group Inc., the world's largest insurer by market value, on Tuesday called lawyers opposed to tort reform "terrorists" and said class-action lawsuits are a "blight" on the United States.And I thought it was only the teachers.AIG Chairman Maurice "Hank" Greenberg's remarks came a day after U.S. Education Secretary Rod Paige sparked an uproar when he called the nation's largest teachers' union a "terrorist organization" during a meeting with U.S. governors. The White House said he later apologized.
In remarks to business executives in Boston, Greenberg likened the battle over reforming class-action litigation to the White House's "war on terror." AIG insures corporations against multibillion-dollar claims of damages in asbestos lawsuits, for example.
"It's almost like fighting the war on terrorists," Greenberg told Boston College's Chief Executives' Club. "I call the plaintiff's bar terrorists."