Violation Tracker Individual Record
Company:
QBE Holdings, Inc. et al.
Current Parent Company:
QBE Insurance
Penalty:
$750,000
Year:
2017
Date:
August 1, 2017
Offense Group:
consumer-protection-related offenses
Primary Offense:
insurance violation
Violation Description:
QBE Holdings, Inc., QBE Insurance Corp., and QBE Speciality Insurance Co. agreed to pay $750,000 as part of a settlement of allegations their Force-Placed insurance activity violated regulations by paying improper rebates to loan servicers and charged excessive premiums in a non-competitive market, as well as allegations they provided incorrect 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 Parent:
Australia
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.
