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Violation Tracker Individual Record

Company: Great American Insurance Co.
Current Parent CompanyAmerican Financial Group
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $176,000
Year: 2009
Date: May 14, 2009
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Great American agreed to pay $60,000 to Analog Devices, Inc. and $116,000 to the Commonwealth in settlement of allegations it submitted a fake and intentionally uncompetitive insurance quote to Analog Devices as part of a plan to ensure American International Group won the insurance renewal. In return another insurance policy was offered to them at a pre-determined price.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: Ohio
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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.