Violation Tracker Individual Record
Company:
Western and Southern Life Insurance Company
Current Parent Company:
Western & Southern Financial Group
Penalty:
$2,400,000
Year:
2005
Date:
August 24, 2005
Offense Group:
consumer-protection-related offenses
Primary Offense:
insurance violation
Secondary Offense:
discriminatory practices (non-employment)
Violation Description:
Western and Southern Life agreed to pay a $400,000 penalty and $2 million in enhanced benefits to resolve a multistate case alleging that it had in the past engaged in race-based premium practices.
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:
Ohio
Ownership Structure of Parent:
mutual
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.
