Violation Tracker Parent Company Summary

Parent Company Name: 
American International Group
Ownership Structure: 
publicly traded (ticker symbol AIG)
Headquartered in: 
New York
Major Industry: 
financial services
Specific Industry: 
insurance
Penalty total since 2000: 
$2,711,278,043
Number of records: 
25
Top 10 Primary Offense TypesPenalty TotalNumber of Records
price-fixing or anti-competitive practices$840,500,0003
securities issuance or trading violation$800,000,0001
investor protection violation$779,000,0003
accounting fraud or deficiencies$115,000,0003
benefit plan administrator violation$64,250,0013
False Claims Act and related$59,018,9203
insurance violation$40,371,9023
discriminatory practices$6,100,0001
tax violations$5,279,4841
wage and hour violation$900,0001
Notes: 

Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Associated Names: 

AIG; AIG FEDERAL SAVINGS BANK AND WILMINGTON FINANCE; AMERICAN INTL GROUP; AMERICAN INTL GROUP GROUP LIFE AND MEDICAL INSURANCE PLAN; National Union Fire Insurance Company; The Insurance Company of the State of Pennsylvania; The United States Life Insurance Company

Links: 

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.


Individual Penalty Records:

Click on the company or penalty amount for more information on each case.
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Company Primary Offense Type Year Agency Penalty Amountsort icon
American International Group price-fixing or anti-competitive practices 2006 NY-AG (*) $1,619,000,000
American International Group, Inc. securities issuance or trading violation 2006 SEC $800,000,000
American International Group investor protection violation 2010 OH-AG $725,000,000
American International Group, Inc. accounting fraud or deficiencies 2004 DOJ_CRIMINAL $80,000,000
American International Group False Claims Act and related 2007 MA-AG $58,500,000
American International Group, Inc. investor protection violation 2004 SEC $46,000,000
American International Group, Inc. benefit plan administrator violation 2015 private lawsuit-federal $40,000,000
AIG insurance violation 2014 NY-DFS $35,000,000
American International Group, Inc. accounting fraud or deficiencies 2006 DOJ_CRIMINAL $25,000,000
American International Group, Inc. benefit plan administrator violation 2008 private lawsuit-federal $24,200,000
American International Group, Inc. price-fixing or anti-competitive practices 2008 MULTI-AG $12,500,000
American International Group, Inc. accounting fraud or deficiencies 2003 SEC $10,000,000
American International Group price-fixing or anti-competitive practices 2010 OH-AG $9,000,000
American International Group Inc. investor protection violation 2010 OR-AG $8,000,000
AIG Federal Savings Bank and Wilmington Finance Inc. discriminatory practices 2010 DOJ_RIGHTS $6,100,000
American International Group, Inc. tax violations 2006 MI-AG $5,279,484
National Union Fire Insurance Company insurance violation 2019 NY-DFS $5,200,000
American International Group wage and hour violation 2009 MA-AG $900,000
The Insurance Company of the State of Pennsylvania consumer protection violation 2015 MA-AG $430,000
Insurance Company of the State of Pennsylvania False Claims Act and related 2016 NV-AG $300,000
American International Group, Inc. economic sanction violation 2014 OFAC $279,038
American International Group False Claims Act and related 2008 MA-AG $218,920
The United States Life Insurance Company insurance violation 2019 NY-DFS $171,902
American International Group economic sanction violation 2017 OFAC $148,698
AMERICAN INTERNATIONAL GROUP INC GROUP LIFE & MEDICAL INSURANCE PLAN benefit plan administrator violation 2005 EBSA $50,001
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