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Insurers Ordered to Refund Auto Policy Overcharges
The State Insurance Department ordered several insurers to refund more than $700,000 to 25,707 car owners in Pennsylvania. Policyholders were charged higher class 2 rates for drivers under 25 when class 1 rates applied, often via finance or acceptance firms. Average refund about $30, with some up to $134.50. Frontline firms include Calvert Fire Insurance Co and Resolute Insurance Co with thousands of refunds and hundreds of thousands in total credits.
MENTIONED IN THIS ARTICLE
Philadelphia
State Insurance Department
Bernard .J. Kelley
Department
Bureau of Examination
Kelley
Calvert Fire Insurance Co
Baltimore
Resolute Insurance Co
Hartford
Conn
Fire and Casualty Co. of
Connecticut
Cirem. Amarinan Mmidaliee