Seven of Hawaii’s largest auto insurance companies who have been under investigation for allegedly using prohibited criteria to determine premiums, have agreed to pay fines totaling $115,500. The seven companies—AIG Hawaii, Allstate Group, RLI, Maryland Casualty Company (Zurich), Hartford, State Farm Group, and USAA Group, account for approximately 60 percent of the state’s auto insurance market. Four other companeis—TIG, HIG, DTRIC, and Progressive—have also been under investigation, and are pending resolution. Companies found to be in compliance with Hawaiian law include Island Insurance, GEICO, First Insurance, and Liberty Mutual. Hawaii’s Insurance Division began its investigation last August, when it was reported that State Farm owned companies were using credit bureau information as a factor in determining policyholders’ premiums. Of the companies fined, State Farm Group paid the largest amount at $40,000.
Was this article valuable?
Here are more articles you may enjoy.
Luxury Car Rental Company Owner Staged Crash for Insurance 
Florida Commissioner Suspends A-Cap’s Atlantic Coast Life Over Surplus Issues 
New Jersey Employers Should Prepare Now for Oct. 1 Independent Contractor Rule 
Florida OIR Orders Unlicensed RRG to Cease and Desist After Owners Arrested From This Issue
