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Violation Tracker Individual Record

Company: Columbian Mutual Life Insurance Company
Penalty: $10,700,000
Year: 2022
Date: January 11, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Columbian Mutual agreed to pay over $10 million in restitution and penalties in settlement of allegedly failing to comply with New York law governing unclaimed life insurance proceeds.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
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.