Violation Tracker Individual Record

Company: 
W.R. Berkley Corp.
Current Parent Company: 
W.R. Berkley
Penalty: 
$3,015,000
Year: 
2017
Date: 
March 22, 2017
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

W.R. Berkley Corp., Admiral Risk Insurance Services, and Admiral Insurance agreed to pay a total of $12 million ($6 million suspended) in penalties, plus costs, in settlement of allegations they violated state regulations related to surplus lines brokerage licensing requirements.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Department of Insurance
Civil or Criminal Case: 
civil
Facility State: 
California
HQ Country of Parent: 
USA
HQ State of Parent: 
Connecticut
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.