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Violation Tracker Individual Record

Company: American Bankers Insurance Group Inc.
Current Parent Company: Assurant
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $3,000,000
Year: 2001
Date: December 19, 2001
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: In 2001 American Bankers Insurance agreed to pay the $3 million portion of a 1998 settlement that had been stayed, after it was determined that the company had failed to completely implement the compliance plan tied to the 1998 agreement.
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.