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Violation Tracker Individual Record

Company: New York Central Mutual Fire Insurance Company
Penalty: $130,750
Year: 2022
Date: December 9, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: New York Central Mutual Fire Insurance Company paid $130,750 in settlement of allegations it failed to comply with the three percent limitation for personal automobile insurance policies that moved from a tier to a higher rated tier in a calendar year, and failed to comply with the two percent limitation for personal automobile insurance policy non-renewals in a calendar year, and failed to properly report cancellation and renewal activity in periodic reports as prescribed.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
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.