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Violation Tracker Individual Record

Company: QBE Holdings, Inc. et al.
Current Parent Company: QBE Insurance
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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 Current Parent: Australia
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)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.