Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: American Security Insurance Co.
Current Parent Company: Assurant
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $767,394
Year: 2019
Date: April 3, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: American Security Insurance Co. agreed to pay in settlement of allegations it mischaracterized Hurricane Katrina wind damage as flood damage to avoid having to pay out on insurance policies, which caused the state to pay extra financial assistance.
Level of Government: state
Action Type: agency action
Agency: Mississippi Attorney General
Civil or Criminal Case: civil
Facility State: Mississippi
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
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.