City of Lubbock to buy insurance from embattled AIG - KCBD NewsChannel 11 Lubbock

11/15/09

City of Lubbock to buy insurance from embattled AIG

Posted:

By James Clark | email

LUBBOCK, TX (KCBD) - The city of Lubbock is expected to approve or re-approve several health insurance contracts this week.   One of them is with embattled insurance company AIG.  That's the same company that taxpayers bailed out to the tune of $182 billion dollars. 

If Lubbock City Council approves, city employees will have organ transplant insurance through AIG.  Public records indicate that Lubbock will pay $288,269 dollars for this coverage.  Public records also say the city is going to pay 14% less than the current cost.

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