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The Associated PressBig Dig Insurer Makes $900,000 Payment To Mass.

Published September 8, 2009  Updated November 18

BOSTON — Massachusetts has collected another $900,000 from Big Dig insurer American International Group as part of the insurer’s settlement of workers compensation insurance premium issues.

Under the 2007 agreement, AIG paid $58.5 million to the state after a review by the Attorney General’s office found the company had failed to return excess profits to the state as required by its contract.

The $58.5 million included $26 million in losses to the state, with the rest in interest. The money was returned to the Big Dig.

Last August, AIG paid an additional $200,000 to the Commonwealth to reconcile premiums not yet paid out. This year, AIG made another payment of $900,000.

WBUR Topics: Big Dig   Boston   Transportation  
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  • With all these bucks comming in, why hasn’t the cost to the tax payer for the Big Dig dropped????? Where is the money going????

    Posted by John Malone on September 8, 2009, at 6:58 PM
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