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
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 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 of Data: 

AG Coakley Recovers $58.5 Million from Big Dig Insurer, States News Service, May 14, 2007 (via Nexis).

Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.