Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Prudential Insurance Company of America
Current Parent Company: Prudential Financial
Penalty: $25,100,000
Year: 2001
Date: July 26, 2001
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Subsidiaries of Prudential Insurance Company of America were ordered to refund $25.1 million on 325,000 New Jersey automobile policies because they earned more profit than state law allowed.
Level of Government: state
Action Type: agency action
Agency: New Jersey Department of Banking & Insurance
Civil or Criminal Case: civil
Facility State: New Jersey
HQ Country of Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: Prudential's N.J. Auto Subsidiaries Must Refund $25.1 Million to Policyholders, Bestwire, July 26, 2001 (via Nexis).
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.