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Violation Tracker Individual Record

Company: FIRST Insurance Funding Corp.
Penalty: $170,000
Year: 2011
Date: November 21, 2011
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Premium Assignment Corporation, a subsidiary of SunTrust Banks, Inc., and FIRST Insurance Funding Corp., a subsidiary of Wintrust Financial Corporation agreed to together pay a total of $340,000 mainly for restitution, in settlement of allegations they assisted Kilgore Insurance Agency in its long-running scheme to overcharge policyholders by padding insurance premiums with hidden agency fees. The announcement did not indicate how much each company would pay. Here we assume the total was divided equally between them.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
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.