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AIG Settles Workers’ Comp Dispute With All 50 States

American International Group will pay a total of $146.5 million to be distributed among all 50 states following a probe that sought to determine whether the insurer violated premium-reporting rules governing Workers Compensation insurance.

By Phil Gusman, Chad Hemenway | Updated on June 11, 2012

American International Group will pay a total of $146.5 million to be distributed among all 50 states following a probe that sought to determine whether the insurer violated premium-reporting rules governing Workers’ Compensation insurance.

The state of Pennsylvania, a lead state in the probe spearheaded by a group of several states including Delaware and Florida, says it will receive more than $16.8 million in fines and assessments as part of the settlement—a figure that includes the biggest fine levied in the agency’s history, according to the state insurance department.

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