According to an order issued July 5, within 45 days, AIG must pay $1 million, however, regulators have suspended the remaining $4 million depending on whether the companies meet certain conditions. The New York-based insurer has agreed to the fine and the conditions.
AIG, the third-larges worker’s compensation insurance provider in Oregon, has also paid the Department of Consumer and Business Services approximately $3 million to address underpayments to the state workers' compensation fund.
"AIG hasn't lived up to the standards Oregon injured workers are entitled to expect, and it's our job to hold them accountable," said Cory Streisinger, director of the Oregon Department of Consumer and Business Services.