The Connecticut Insurance Department has fined subsidiaries of CNA Insurance Group a total of $96,000 for violations of state law.
The fines were assessed to CNA’s subsidiaries for alleged violations of laws regarding licensing and appointments of agents, loss of use and inadequate notice of renewal for commercial lines.
The companies that were fined are
— Transportation Insurance Co. of Illinois: $11,000.
— Transcontinental Insurance Co. of Massachusetts: $29,000
— Valley Forge Insurance Co. of Pennsylvania $44,000
— American Casualty Co. of Reading, Pennsylvania $12,000
CNA has complied with the department’s stipulations and final orders, and will submit a compliance report to the commissioner within 90 days, the department said.
Source: Connecticut Insurance Dept.
Topics Connecticut
Was this article valuable?
Here are more articles you may enjoy.
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals 
Why El Ni帽o’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal 
Company at Center of Cyclospora Outbreak Complained to White House, Source Says 
