Friday, March 20, 2009

AIG Pays for Courtney Paris Guarantee

by LandThieves Women's Basketball correspondent Jenna Plumlee
Norman (LTP) – Earlier this month, Courtney Paris received national attention for a guarantee that the Lady Sooners would win the Women’s national championship. Last week, however, the Sooners were bounced out of the Big 12 tourney in the semi-finals.

Today, during AIG CEO Edward Liddy’s testimony before Congress, Liddy stated that the Sooners loss to the Texas A&M in the Big 12 tourney constituted a “technical default” on Paris’ guarantee to the Sooner nation. As a result, the troubled insurance giant has paid the University of Oklahoma approximately $64,000.

Paris was unaware she purchased an insurance policy regarding the guarantee, prompting further calls into oversight of the operations of AIG.

LandThieves Washington, DC bureau chief JC Watts may have contributed to this report.

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