American International Group will pay a fine for the New York conditioning industry. The company of American International Group insurance now have to pay a fine of 35 million dollars for violations of the subsidiaries previously sold protection insurance without a license in New York. this, according to a report released by the New York state's financial services area. according to a report from the department, the old unit of AIG has not only sold in the state without proper permits, but they also were misrepresenting the operation to the state management agencies. The dispute between the insurance company and the province as a result of the activities of some units of the company which has now been sold. Both company American Life Insurance (ALICO), as well as DelAm, is a former unit of AIG, has been purchased from an insurer that another provider, MetLife Inc., in 2010. The insurance company life, MetLife, has paid millions of dollars in fines due to the activities of the subsidiary.
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