AIG to pay $35 mln fine

Violations related to former subsidiaries

Reuters - October 31, 2014 Comments

Insurer American International Group will pay a $35 million penalty for violations related to former subsidiaries that solicited insurance business in New York without a license, the New York State Department of Financial Services said on Friday.

The department said in a statement that the former AIG units had also misrepresented those activities to regulators.

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AIG to pay $35 mln fine

Violations related to former subsidiaries

Insurer American International Group will pay a $35 million penalty for violations related to former subsidiaries that solicited insurance business in New York without a license, the New York State Department of Financial Services said on Friday.

Watch Live

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Insurer American International Group will pay a $35 million penalty for violations related to former subsidiaries that solicited insurance business in New York without a license, the New York State Department of Financial Services said on Friday.

Watch Live

Featured

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