on August 23, 2013 by admin in Insurance Industry, Comments (0)

State fines 4 insurance companies for overcharging

OLYMPIA, Wash. (AP) - Insurance Commissioner Mike Kreidler is fining four insurance companies for overcharging consumers in Washington state.

Kreidler's office said Tuesday that Hartford Accident and Indemnity Co., Hartford Casualty Insurance Co., Hartford Insurance Co. of the Midwest, and Trumbull Insurance Co. have agreed to each pay a total fine of $100,000 split up among the companies.

The companies have already repaid more than $1 million in overcharges to consumers, including 8 percent interest.

Nearly 4,800 auto policies between 2009 and 2013 were affected. Refunds were sent out in April.

Article source: http://www.komonews.com/news/local/State-fines-4-insurance-companies-for-overcharging-220504861.html

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