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BrickStreet to refund $18.1 million to policyholders
West Virginia’s BrickStreet Mutual Insurance Co. has been ordered to refund $18.1 million to more than 6,000 policyholders following a market conduct examination by state regulators. The state’s...
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Insurer: Texas created ‘another Hurricane Ike’ with $310M ruling
A Texas-based insurer says a recent decision by a state regulator to refund home insurance policyholders $310 million is akin to the financial damage from a major storm. Mike Geeslin Claiming its rates...
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Great American latest insurer to settle Minn. deferred annuity case
Great American Life Insurance Co. and its affiliate, Annuity Investor’s Life Insurance Co., have agreed to a settlement with Minnesota’s attorney general over the sale of deferred annuities to...
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Allstate to pay $428,355 to Delaware customers for missed auto discount
Story updated with reaction from Allstate. More than 2,400 Allstate customers from Delaware will receive refunds or credits totaling $428,355 after the auto insurer neglected to give them proper...
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Mass. rejects 86% of health rate hikes to aid ‘drowning’ consumers
Massachusetts’ governor defended his insurance department for disapproving 235 of 274 rate increases filed by health insurers for small business plans, noting that owners and working families are...
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Md. appeals court sides with regulators over premium financing refund
Maryland’s Court of Special Appeals has affirmed a lower court’s ruling that Maryland regulators were correct in rejecting a premium financing agreement over the way it planned to handle refunds to...
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Texas insurance agency returns $30,000 to clients for overcharges
A Houston, Texas, insurance agency paid about $30,000 in restitution to surplus lines policyholders it was found by Maryland insurance regulators to have overcharged. The Bunker Hill Insurance Agency...
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Arch Insurance to pay $460,000 over unpaid Equity Homes refund claims
Arch Insurance Co., the bonding company for Equity Homes, a Fairfax, Va.-based home builder, has agreed to pay $460,000 to settle consumer claims regarding deposits on new homes. Equity Homes accepted...
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GEICO to refund $7.5 million, pay $100,000 fine for Wash. overcharges
GEICO was fined $100,000 by Washington State officials and ordered to refund about $7.5 million in overcharges to thousands of its customers in the state. The Maryland-based national insurer must...
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