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Violation Tracker Individual Record

Company: National Union Fire Insurance Company of Pittsburgh, PA
Current Parent CompanyAmerican International Group
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $477,600
Year: 2022
Date: May 31, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: National Union Fire Insurance agreed to pay a $477,600 penalty in settlement of allegations it failed to notify senior citizen insureds annually in writing of the third-party designee notice procedure; improperly issued nonrenewal notices on homeowners' policies during the three-year required policy period; failed to send nonrenewal notices to insureds within forty-five (45) to sixty (60) days in advance of the expiration date of the policies; failed to maintain proof of mailing of the notice of nonrenewal to the named insured; and, failed to include the correct verbiage of the fraud warning statement on applications for insurance.
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: financial services
Specific Industry of Current Parent: insurance
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.