Violation Tracker Individual Record

Arch Insurance Company
Current Parent Company: 
Arch Capital
January 10, 2019
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

The Department of Financial Services fined Arch Insurance Company $1 million and National Union Fire Insurance Company $1.2 million and ordered the insurers to provide a combined $8 million in retroactive rebates for violations of New York Insurance Law following an investigation that found both insurers failed to satisfy required minimum loss ratio standards in blanket accident and health insurance policies issued to hundreds of New York volunteer firefighter districts, departments and companies. The announcement did not indicate how much each company would pay in rebates. Here we assume the total was equally divided between them.

Level of Government: 
Action Type: 
agency action
New York Department of Financial Services
Civil or Criminal Case: 
Facility State: 
New York
HQ Country of Parent: 
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
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.