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Connecticut Insurance Department Fines White Mountain Group $362,000

12 Mar, 2008 WorkersCompensation.com

                               

Company Licensing Practices Not in Compliance with Connecticut Law

Hartford, CT (CompNewsNetwork) - Connecticut Insurance Commissioner Thomas R. Sullivan announces an order last week fining subsidiaries of White Mountain Group, headquartered in Delaware, $362,000 for violations to state law.

The total fine results from smaller fines assessed to subsidiary companies for violations to Connecticut state laws, primarily related to licensing/appointments of agents.

Violations and fines varied by company.

Atlantic Specialty Insurance Company, New York $104,000

Employers Fire Insurance Company, Massachusetts $112,000

Pennsylvania General Insurance Company, Pennsylvania $146,000

The company complied with the stipulation and final order, and will submit a compliance report to the commissioner within 90 days.

The mission of the Connecticut Insurance Department is to serve consumers in a professional and timely manner by providing assistance and information to the public and to policy makers, by regulating the insurance industry in a fair and efficient manner which promotes a competitive and financially sound insurance market for consumers, and by enforcing the insurance laws to ensure that consumers are treated fairly and are protected from unfair practices. For more information, visit the Connecticut Insurance Department at www.ct.gov/cid.

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