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Violation Tracker Individual Record

Company: United Healthcare Insurance Company of New York
Current Parent Company: UnitedHealth Group
Penalty: $2,379,625
Year: 2023
Date: May 11, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: 4 Ever Life Insurance Company, Aetna Life Insurance Company, UnitedHealthcare Insurance Company of New York, and Wellfleet New York Insurance Company agreed to pay a total of $7.8 million in civil penalties and refunds in settlement of DFS findings that the four insurers charged unapproved premium rates to students covered under blanket health insurance contracts with institutions of higher learning. Through these actions the insurers may have gained an unfair competitive advantage in the student blanket health insurance market in New York.
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: Minnesota
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: insurance; managed care
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.