The Connecticut Insurance Department has fined subsidiaries of CNA Insurance Group a total of $96,000 for violations of state law.
The fines were assessed to CNA’s subsidiaries for alleged violations of laws regarding licensing and appointments of agents, loss of use and inadequate notice of renewal for commercial lines.
The companies that were fined are
— Transportation Insurance Co. of Illinois: $11,000.
— Transcontinental Insurance Co. of Massachusetts: $29,000
— Valley Forge Insurance Co. of Pennsylvania $44,000
— American Casualty Co. of Reading, Pennsylvania $12,000
CNA has complied with the department’s stipulations and final orders, and will submit a compliance report to the commissioner within 90 days, the department said.
Source: Connecticut Insurance Dept.
Topics Connecticut
Was this article valuable?
Here are more articles you may enjoy.
Icahn Money Manager Sues His Bosses and Bausch + Lomb Over Anti-White Bias 
Catastrophe Bonds Linked to Wildfires Lose ‘Untouchable’ Status 
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry 
Hacking Group ‘ShinyHunters’ Claims Theft of Data From Users of Pornhub 
