Connecticut Keeps Market Conduct Exam Ball Rolling
August 15, 2012 by Elizabeth Festa
July 19, 2012 •
Connecticut Department of Insurance Commissioner Thomas Leonardi announced today that the Connecticut Insurance Department recovered $2.4 million for policyholders and state taxpayers in the second quarter of 2012.
More than half of that is in fines: The state’s market conduct division levied more than $1.5 million in fines against carriers and returned that money to the state general fund. The fines resulted from a variety of violations and settlements ranging from untimely claim payments to improper licensing. Click here to read more…