underreporting premiums News

California Father Daughter Team Must Repay $600K in Workers’ Comp Fraud

Jerry Buffington, 69, and Cynthia Russell, 47, have pled guilty in Kern County Superior Court to one count each of workers’ compensation insurance premium fraud and eight counts each of tax evasion and were ordered to pay restitution to California’s …

Liberty Mutual ‘Disappointed’ in AIG $450M Workers’ Comp Settlement

Liberty Mutual said it will continue its legal fight even after a federal judge formally approved a $450 million workers’ compensation class-action settlement between AIG and its rival companies. The class action alleged that American International Group (AIG) and its …

Court OKs AIG’s $450M Workers Comp Settlement

A federal judge has approved American International Group Inc’s $450 million settlement with rival insurers to end litigation accusing AIG of underreporting premiums on workers’ compensation policies. AIG will make the payment after rivals accused it of understating its market …