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Violation Tracker Individual Record

Company: American Casualty Company of Reading, Pennsylvania et al.
Current Parent Company: Loews Corp.
Penalty: $85,000
Year: 2022
Date: May 19, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: American Casualty Company of Reading, Pennsylvania Continental Casualty Insurance Company Transportation Insurance Company Valley Forge Insurance Company National Fire Insurance Company of Hartford failed to charge rates with respect to workers' compensation and business owners policies in accordance with filed and approved rates and rating rules; and failed to maintain adequate procedures to minimize the occurrence of improperly charged rates.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
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: diversified
Specific Industry of Current Parent: diversified
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.