Newly elected Insurance Commissioner Mike Chaney announced Aegis Security Insurance Company will begin writing new policies in Mississippi.
We welcome the good news, Commissioner Chaney – and look forward to more.
Day: February 21, 2008
Breaking: Allstate Fined $250,000, Ordered to Reinstate Policies
Thanks to Mr CLS for the heads up to this Times Picayune story.
BATON ROUGE — Insurance Commissioner Jim Donelon fined Allstate $250,000 Wednesday and ordered the state’s second-largest insurer to reinstate the wind and hail coverage of several hundred customers whose policies were dropped in disregard of a key consumer-protection law.
It is the only fine that Louisiana has levied against a homeowners insurance company since Hurricane Katrina, and the fine is the maximum penalty allowed by state law. Continue reading “Breaking: Allstate Fined $250,000, Ordered to Reinstate Policies”