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Violation Tracker Individual Record

Company: American Security Insurance Company et al.
Current Parent CompanyAssurant
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $5,000,000
Year: 2016
Date: December 28, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Assurant Group and its subsidiaries American Security Insurance Co. and Standard Guaranty Insurance Co. agreed to pay $5 million to the state, plus refunds for 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: USA
HQ State of Current Parent: New York
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.