Kansas Receives Settlement From AIG

By: Associated Press
By: Associated Press

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Thursday, June 21, 2012

Kansas has received more than $560,000 from a multistate settlement with insurance company American International Group Inc.

Kansas Insurance Commissioner Sandy Praeger said Wednesday the money has been deposited and will be used to support general government programs.

The agreement settled a complaint from state regulators that AIG underreported workers' compensation premiums in past years.

AIG agreed to pay a $100 million penalty plus $47 million in taxes and other assessments under the settlement.

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