ABSOLUTELY. The $27.6 million should be returned to the overcharged policy holders. I’m one of them. I just e-mailed the CA Dept of Insurance at fraud@insurance.ca.gov and cdipress@insurance.ca.gov telling them so.
Bosun is correct. AIS was sued separately and returned all the fees to the affected policyholders. That was after the same lawyers sued Mercury on the same facts and the court issued an injunction but refused to award restitution because Mercury didn’t actually charge or receive any of the fees. So this was the third case on the same issue.
MIC knew full well what AIS was up to, making MIC complicit and therefore accountable. After all, it takes a willfully-blind eye on the part of the carrier to see why AIS pushed MIC as 90% of their production. My only problem with the fine–The $27MM is going to “The State”. Clearly, this is a punitive judgement, so why is it NOT going to those directly damaged by AIS & Mercury? Answer: The dollars are never enough for “Big Guv”.
Shouldn’t the $27M be returned to the overcharged policy holders?
Agent, do you have a response for Broker?
AIS already returned overcharges to policyholders.
ABSOLUTELY. The $27.6 million should be returned to the overcharged policy holders. I’m one of them. I just e-mailed the CA Dept of Insurance at fraud@insurance.ca.gov and cdipress@insurance.ca.gov telling them so.
A Russian bot is a Mercury policyholder?
Agreed it should be returned. The disgusting smiles who run our state have no shame, they will use any situation to milk the people.
Bosun is correct. AIS was sued separately and returned all the fees to the affected policyholders. That was after the same lawyers sued Mercury on the same facts and the court issued an injunction but refused to award restitution because Mercury didn’t actually charge or receive any of the fees. So this was the third case on the same issue.
MIC knew full well what AIS was up to, making MIC complicit and therefore accountable. After all, it takes a willfully-blind eye on the part of the carrier to see why AIS pushed MIC as 90% of their production. My only problem with the fine–The $27MM is going to “The State”. Clearly, this is a punitive judgement, so why is it NOT going to those directly damaged by AIS & Mercury? Answer: The dollars are never enough for “Big Guv”.