market conduct exam News

Erie Insurance Takes Its Case Against Maryland Regulator to Appeals Court

Erie Insurance Co. is taking its tiff with the Maryland insurance commissioner over the handling of discriminatory practices findings to federal appeals court. The insurer maintains that the Maryland Insurance Administration has not afforded it adequate opportunity to respond to …

Judge Tosses Erie Lawsuit Over Maryland’s Handling of Redlining Allegations

A federal judge has dismissed an Erie Insurance complaint over how the Maryland insurance regulator has been handling allegations that the insurer unfairly discriminated against communities served by Black insurance agents in the Baltimore area. On June 12, Judge Julie …

Insurer Market Conduct Troubles Often Traced to Claims Handling Errors

Mistakes by claims professionals were the most common reason for enforcement actions taken against U.S. property and casualty insurers in 2018, taking the No. 1 and No. 2 spot on a top 10 list issued by the Wolters Kluwer consulting …

Missouri Insurance Department Settles with AIG for $1.2M after Market Conduct Exam

Missouri insurance regulators announced a $1.2 million settlement agreement with nine AIG affiliated insurance companies after a market conduct examination into their handling of workers’ compensation insurance. During the course of the examination, the department alleged AIG insurance companies failed …

Missouri Settles with Nationwide Insurance over Workers’ Comp Inconsistencies

Missouri insurance regulators announced a settlement agreement with Nationwide Agribusiness Insurance Co. and Farmland Mutual Insurance Co. following a market conduct examination into the companies’ handling of workers’ compensation insurance. Department of Insurance Director John M. Huff reported that as …