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.
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
NC Insurance Agent Posts Statement After Arrest on Embezzlement Charges 
Georgia Teacher Killed When Toilet Paper Prank by Students Goes Wrong 
Florida Bills Would Open Door to More Housing in the Everglades, Brownfields 
