NYDFS - NY Department of Financial Services
Superintendent of Financial Services Linda A. Lacewell today announced that the Department of Financial Services (DFS) has fined Allstate Insurance Group, State Farm Insurance Group, AIG Property Casualty Company, and Tri-State Consumer Insurance Company a combined $2.1 million for violations of insurance statutes and regulations. Allstate and State Farm also paid a total of $10.6 million in consumer restitution. The fines and restitution are the result of DFS market conduct investigations of the insurers’ handling of personal automobile claims over several years.
Published on Nov. 3th, 2020 Published on Nov. 3th, 2020
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