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Violation Tracker Individual Record

Company: American Modern Insurance Group Inc.
Current Parent Company: Munich Re
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $6,000,000
Year: 2015
Date: April 28, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: American Modern agreed to pay $12 million, with half suspended if it met certain conditions, to resolve a multistate examination that found potential charges in excess of approved rates for lender-placed products.
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.