An affiliate of The Hartford has paid nearly $67,000 in restitution to policyholders in Virginia, following an investigation by state regulators over premiums charged by Trumbull Insurance Co.
The company agreed to a settlement in which it repaid the money to 1,590 policyholders in the state.
Regulators say the company was using improper rates for those customers.
The company paid no additional fines for the violations. But as part of the settlement, the insurer also agreed to comply with a Corrective Action Plan to prevent future mischarged premiums, according to regulatory documents.
Topics Virginia
Was this article valuable?
Here are more articles you may enjoy.
Amazon Says All Cloud Services Restored After 15-Hour Outage 
Tennessee Plant Explosion That Killed 16 Was Preventable, National COSH Says 
Chubb Books Record P/C Underwriting Income, Combined Ratio in Q3 
A 7-Minute Louvre Heist Leaves Behind DNA and Dropped Crown 
