Zurich American Insurance Co. has paid a $250,000 fine to the state of New York for charging unfiled rates on its errors and omissions policy for veterinarians, according to state regulators.
The New York Insurance Department said Zurich entered into a stipulation agreement over the fine on Christmas Eve last year.
That fine, which was listed in the department’s newest disciplinary actions report, is the largest recent fine levied against a property casualty insurer.
__
Source: New York Insurance Department
Topics New York
Was this article valuable?
Here are more articles you may enjoy.
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
AI for the Defense: Should Insurers or Law Firms Pay? 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes 
