AIG to pay Pennsylvania $13.5 million
AIG will pay $13.5 million to settle an investigation involving its alleged sham reinsurance deal with General Re.
American International Group Inc. will pay $13.5 million, including a $6.6 million fine, to the Pennsylvania Insurance Department to settle an investigation into financial misreporting involving its alleged sham reinsurance deal with General Re Corp, according to Crain's Business Insurance.
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