Washington Insurance Commissioner Mike Kreidler has fined a pet insurance company $150,000 for violating state laws.
Kreidler sayid his agency issued fines in July against American Pet Insurance, which goes under the name Trupanion. It’s based in New York.
Most of the violations were related to charging rates that the commissioner did not approve, as required by law.
The violations include a failure to cancel policies in a timely manner after a pet’s deaths, after a customer no longer owned a pet, and when the pet owner canceled a policy.
The agency suspended an additional $100,000 fine that American Pet Insurance must pay if it commits the same violations in two years or fails to develop a plan to fix the violations.
Topics Carriers Washington
Was this article valuable?
Here are more articles you may enjoy.
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
