Violation Tracker Individual Record

Company: 
American General
Current Parent Company: 
American International Group
Penalty: 
$7,500,000
Year: 
2000
Date: 
June 22, 2000
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

American General agreed to pay $7.5 million to regulators in five states to resolve allegations that it charged black customers more than whites for burial policies.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Financial Regulators Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.