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Company: Mid-Century Insurance Company
Current Parent Company:
Zurich Insurance
Parent at the Time of the Penalty Announcement:
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Penalty: $150,000
Year: 2024
Date: January 10, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Mid-Century Insurance agreed to pay a $150,000 fine in settlement of allegations it failed to rate certain new policies utilizing the rating program approved for new policies effective on and after December 12, 2016 pursuant to New York Insurance Law.
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: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
