Agreements that resolve pending litigation and investigations of fraud, bid-rigging and improper accounting by the nation's largest insurance company were announced last month.
Under the agreements, American International Group (AIG) acknowledged misconduct, adopted a series of groundbreaking reforms, and agreed to pay more than $1.6 billion in restitution and penalties.
The agreements were announced simultaneously by the New York Attorney General, the New York Insurance Department, the Securities and Exchange Commission (SEC), and the United States Department of Justice.
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