underreporting workers’ compensation News

Miami Roofing Company Owners Arrested Over $1 Million Workers’ Comp Scam

Owners of a Miami roofing company have been accused of concealing nearly $1.2 million in payroll on their workers’ compensation policy renewal application in an alleged attempt to illegally lower their premium costs, according to Chief Financial Officer Jimmy Patronis. …

States Collecting on $146 Million AIG Workers’ Comp Settlement

State regulators around the county are finally collecting their share of a multimillion dollar settlement reached with American International Group (AIG) in 2010 based on the company’s misreporting of workers’ compensation premiums for the years 1985 to 1996. In December …

Court OKs AIG’s $450M Settlement Over Underreported Workers’ Comp Premiums

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 …