After American International Group’s cancellation of about 160 meetings, the question on the minds of many meetings industry observers is: How much will the company pay in cancellation fees for backing out of the events—estimated by AIG to be worth about $8 million? AIG spokesman Nicholas Ashooh declined to put a number on the bill, except to say that “it’s certainly much less than what we would have paid if we held the meetings.” AIG, which created a public relations fiasco by holding a ...

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