Violation Tracker Individual Record

Company: 
National Union Fire Insurance Company of Pittsburgh, PA
Current Parent Company: 
American International Group
Penalty: 
$39,000,000
Year: 
2012
Date: 
October 15, 2012
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

National Union Fire agreed to pay $39 million to resolve litigation brought by a group of state insurance regulators after an investigation found problems relating to matters such as rate and form filings; actuarial procedures and premium allocation; licensing of agents and claims personnel; claims processing; vendor oversight; training of personnel; handling of consumer complaints; use of trusts, record retention, IT issues, among others.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Financial Regulators Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.