Washington Insurance Commissioner Mike Kreidler issued fines in February totaling $25,500 against insurance companies, producers, brokers and individuals who reportedly violated state insurance laws and regulations.
Following is a breakdown of who was fined, how much and the reported offense.
Unlicensed brokers and unauthorized insurers
Empire West Insurance Services Inc.; fined $10,000
Empire West obtained surplus lines insurance for consumers in Washington without being licensed to do so.
Esurance Insurance Company, Northbrook, Ill.; fined $5,000
Esurance, part of the Allstate Insurance Group, was fined for not listing its full name and the location of its home or principal office on Allstate’s “Underwriting Companies” webpage.
Euler Hermes North America Insurance Co., Owings Mills, Md.; fined $4,000
Euler Hermes issued two surety bonds when it did not hold a certificate of authority for that kind of insurance. The company also failed to keep full and adequate accounts and records.
Producers, agents and brokers
Kelly Stutts, Mobile, Ala.; fined $250
Bryan Insurance Agency, Ltd. Graham, Texas; fined $250
Cascade West Title Company, Bellevue, Wash.; fined $1,000
Golden State Claims Adjusters, Carlsbad, Calif.; fined $5,000
Since 2001, Kreidler has assessed more than $38 million in fines, which are directed to the state’s general fund to pay for state services.
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