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Violation Tracker Individual Record

Company: American Modern Insurance Group, Inc. et al.
Current Parent CompanyMunich Re
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $1,000,000
Year: 2016
Date: May 6, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: American Modern Insurance Group, plus subsidiaries including American Family Home Insurance Co., American Western Home Insurance Co, American Southern Home Insurance Co. and Midwest Enterprises, Inc. dba Ameritrac, agreed to pay a $1 million civil penalty plus refunds to customers in settlement of allegations they did business in Force-Placed Insurance while paying improper rebates to Servicers, charging excessive premiums, and providing inaccurate information to the Department of Commerce.
Level of Government: state
Action Type: agency action
Agency: Minnesota Department of Commerce
Civil or Criminal Case: civil
Facility State: Minnesota
HQ Country of Current Parent: Germany
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.