March 18, 2008 at 12:00 AM
1 minute read
HARRISBURG, Pa. AP – The nation’s largest insurer, American International Group Inc., will pay $9.1 million in penalties to Pennsylvania for filing false financial information, state insurance regulators said Monday.
The agreement also resolves allegations in a separate case that AIG rigged bids and requires the insurer to adopt procedures to improve the transparency of the commissions AIG pays to agents and brokers, the state Insurance Department said.
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