NU Online News Service, Dec. 23, 10:23 a.m. EST

American International Group will pay close to $150 million to settle allegations it under-reported workers’ compensation premiums over a 20-year period, ending all regulatory issues in this case.

The settlement, between all 50 states, the District of Columbia and AIG calls for the payment of $100 million in fines to insurance regulators for the alleged premium under-reporting. In addition, the company will pay about $46.5 million in additional taxes and assessments to the eight states that led the examination, said the Pennsylvania Insurance Department.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


Complex Claims & Litigation Forum 2023Event

Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases.

Get More Information


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.