The Oregon Department of Consumer Business Services recently forced a $5 million dollar fine on nine American International Group (AIG) insurers for violating several workers' compensation and insurance laws.

DCBS demanded a payment of $1 million of the fine within 45 days and has suspended the other $4 million based on AIG's compliance with certain conditions, which they have agreed to.

According to the DCBS, the AIG companies were cited for failing to comply with Oregon laws for processing claims of injured workers and reporting proof of insurance coverage. The companies were also found to be using policy forms that were not approved by the state, which require DCBS approval to protect workers and verify that policies comply with Oregon 's regulations.

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