Zurich American Insurance Co. has paid a $250,000 fine to the state of New York for charging unfiled rates on its errors and omissions policy for veterinarians, according to state regulators.
The New York Insurance Department said Zurich entered into a stipulation agreement over the fine on Christmas Eve last year.
That fine, which was listed in the department’s , is the largest recent fine levied against a property casualty insurer.
__
Source: New York Insurance Department
Topics New York
Was this article valuable?
Here are more articles you may enjoy.
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
AI for the Defense: Should Insurers or Law Firms Pay? 
