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Violation Tracker Individual Record

Company: Tokio Marine America Insurance Company
Current Parent Company: Tokio Marine
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $360,000
Year: 2023
Date: May 1, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Tokio Marine agreed to pay a $360,000 penalty in settlement of allegations the company failed to provide required information to insureds, failed to maintain proper records, failed to charge the rates filed, and failed to conduct audits.
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: Japan
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)
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.