NU Online News Service, June 4, 1:45 p.m. EDT
American International Group will pay a total of $146.5 million to states to settle a probe that examined whether the insurer violated premium-reporting rules governing workers' compensation insurance.
The state of Pennsylvania, a lead state in the probe, says it will receive more than $16.8 million in fines and assessments as part of the settlement, which the state's insurance department says is the largest fine levied in the agency's history. Pennsylvania says its share breaks down to $8.6 million in fines, $3.6 million to the state's Workers' Compensation Security Fund and $4.6 million in premium taxes and assessments.
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