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Violation Tracker Individual Record

Company: Balboa Insurance Co.
Penalty: $495,359
Year: 2019
Date: April 3, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Balboa Insurance Co. agreed to pay in settlement of allegations it mischaracterized Hurricane Katrina wind damage as flood damage to avoid having to pay out on insurance policies, which caused the state to pay extra financial assistance.
Level of Government: state
Action Type: agency action
Agency: Mississippi Attorney General
Civil or Criminal Case: civil
Facility State: Mississippi
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.