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{"id":10192,"date":"2013-03-30T17:49:24","date_gmt":"2013-03-30T17:49:24","guid":{"rendered":"http:\/\/www.seonewswire.net\/2013\/03\/doi-announces-increase-in-fines-including-aig-workers-compensation-settlement\/"},"modified":"2013-03-30T17:49:24","modified_gmt":"2013-03-30T17:49:24","slug":"doi-announces-increase-in-fines-including-aig-workers-compensation-settlement","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2013\/03\/doi-announces-increase-in-fines-including-aig-workers-compensation-settlement\/","title":{"rendered":"DOI Announces Increase in Fines, Including AIG Workers Compensation Settlement"},"content":{"rendered":"

The Illinois Department of Insurance (DOI) has announced that it collected over $10.3 million in fines for improper market conduct in 2012. The Department said that the amount of fines collected has increased due to its greater enforcement efforts and participation in multi-state examinations. DOI collected $322,000 in fines in 2011, $217,000 in 2010 and $363,630 in 2009.<\/p>\n

The enforcement includes settlements announced in 2012 with Prudential Company of America and MetLife Inc., as well as a multi-state investigation of American International Group Inc. (AIG) and its workers\u2019 compensation affiliates for under-reporting of premiums. The state of Illinois received a settlement of $3.7 million from AIG.<\/p>\n

The AIG settlement was part of a multi-state effort that resulted in payments to state regulators across the country totaling $146.4 million. The amount included fines of $100 million and premium taxes and assessments of another $46.4 million. The 2008 investigation discovered (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Illinois Department of Insurance (DOI) has announced that it collected over $10.3 million in fines for improper market conduct in 2012. The Department said that the amount of fines collected has increased due to its greater enforcement efforts and…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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