American International Group, Inc. â also known as AIG â is an American multinational insurance corporation with more than 88 million customers in 130 countries.AIG companies employ over 64,000 people in 90 countries.The company operates through three businesses: AIG Property Casualty, AIG Life and Retirement and United Guaranty Corporation (UGC).IG companies employ over 64,000 people in 90 countries. The company operates through three businesses: AIG Property Casualty, AIG Life and Retirement and United Guaranty Corporation (UGC).
One day he slipped and injured his back when walking into the pubâs kitchen. He made $8.00 an hour plus any tips he received. Big Inningâs workersâ comp insurance company didnât include his tip income when it calculated his comp payments. Negriev appealed that decision. The insurance company said since the bartender hadnât reported the tips for federal income tax, they shouldnât be included in calculations for workersâ comp. But Negriev was able to show that even though he didnât report the tips for tax purposes, he did report them daily to his employer at the end of each shift.
Credit for tips may not exceed 40% of the applicable minimum wage. Employers may apply for licenses to pay sub-minimum rates to learners and certain workers with physical and mental limitations. Overtime must be paid after 40 hour of work per week at time and one-half the regular rate.