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Violation Tracker Individual Record

Company: American International Group
Current Parent Company: American International Group
Penalty: $58,500,000
Year: 2007
Date: May 14, 2007
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Mega-Scandal: Big Dig
Violation Description: The Massachusetts Attorney General reached a $58.5 million settlement with American International Group, the workers' compensation carrier for the Central Artery Tunnel Project, known as the Big Dig. A review by the Attorney General's Office had found that the company failed to pay certain surplus funds to the Commonwealth as required under its contract.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: AG Coakley Recovers $58.5 Million from Big Dig Insurer, States News Service, May 14, 2007 (via Nexis).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.