Violation Tracker Individual Record
Company:Zurich American Insurance Company
Date:April 22, 2013
Offense Group:consumer-protection-related offenses
Primary Offense:insurance violation
Zurich American Insurance Company agreed to refund $4.56 million to policyholders of its New York statutory disability insurance policies because the insurer failed to spend at least 60 percent of total premiums on claims, as required under 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 Parent:Switzerland
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:insurance
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