market conduct examinations News

Penn. Insurance Department Collects $343K in Penalties, Fines in Q2

The Pennsylvania Insurance Department collected more than $343,000 in penalties and fines, as well as more than $73,000 in restitution during the 2013 second quarter, according to the department’s announcement this week. In total, 37 enforcement actions and market conduct …

Penn. Insurance Department Collected Over $1.3M in Penalties, Restitution in Q1

The Pennsylvania Insurance Department said regulators collected more than $1 million in penalties and fines, as well as more than $300,000 in restitution in the first quarter of 2013. In total, 37 enforcement actions and market conduct examinations were closed …

Illinois Market Conduct Exams Bring $10M in Fines

Illinois Department of Insurance (DOI) Director Andrew Boron has announced that more than $10.3 million in market conduct fines was collected from insurance companies by the department in calendar year 2012. This amount represents a significant increase in fines collected …