American International Group Inc. agreed to pay a $35 million penalty to resolve a New York State probe into unlicensed insurance sales by former units. The subsidiaries, American Life Insurance Co. and Delaware American Life Insurance Co., solicited business in …
American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008. The settlement came as a trial was due to have …
Florida regulators are looking to return to residents some $25 million in unclaimed property that has been returned to the state as part of a settlement agreement with American International Group over life insurance benefits. In October, AIG agreed to …
The Pennsylvania Insurance Department announced on Tuesday that the state’s regulators collected a record of nearly $18 million in fines and $13.4 million in restitution in 2012. The collections were from enforcement and market conduct actions, as well as 10 …
AIG Insurance Co. will pay an estimated $25 to $30 million owed to California beneficiaries of life insurance policies, and an $11 million settlement payment. California Controller John Chiang began auditing AIG’s insurance company practices in 2008, revealing an industry-wide …
A federal judge has approved American International Group Inc.’s $450 million settlement with rival insurers to end litigation accusing AIG of underreporting premiums on workers’ compensation policies. AIG will make the payment after rivals accused it of understating its market …
Louisiana has signed on to a multistate settlement over American International Group’s (AIG) admitted practice of under reporting workers’ compensation insurance premiums. Louisiana is slated to receive $3,842,988 in additional taxes and assessments, and $2,278,504 in fines in the settlement, …
