Member Center
Blog Central
Voice of the Mid-Columbia | Kennewick, Pasco and Richland, Wash.
 A day-to-day glance at the area's business community -- what's new, what's happening and what's being heard on the streets. Got tips, news or rumors? E-mail the Tri-City Herald's business team: Mary, Pratik or Ingrid. |
 |
Print
E-Mail
tool name
close
tool goes here
Tuesday, Jun. 24, 2008
State levies fines against insurance companies
Ingrid Stegemoeller, Herald staff writer
Insurance companies found in the wrong by the state insurance commissioner have received some hefty fines this year, according to the state Office of the Insurance Commissioner.
In the last three months, Insurance Commissioner Mike Kreidler has issued $490,000 in fines, the agency reported.
"Mega Life and Health Insurance Company was fined $150,000 for issuing coverage to three groups using policy forms that did not comply with Washington state law," the agency reported in a press release.
And Delaware-based AMT Service Corp. received a $100,000 fine, with half suspended, for not registering with the state before making contract sales in the state.
For a complete list of agencies fined, visit www.insurance.wa.gov/orders/enforcement.shtml.
-- Ingrid Stegemoeller: 582-1537; istegemoeller@tricityherald.com; Business Beat blog at www.tricityherald.com
Be the first to comment on this story click the 'Add Comment' Tab!
Tri-City Herald is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.
Since tri-cityherald.com does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not Tri-City Herald.
If you find a comment offensive, clicking on the exclamation icon (!) will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.
Most Recently Commented Stories
| Mary Hopkin covers agriculture for the Herald. She's been with the newspaper since April 2000, previously covering the communities of Hermiston and Prosser. Her focus now includes agriculture, food processing and area wineries. Reach her at mhopkin@tricityherald.com. | Pratik Joshi covers technology, employment, transportation, economic development and industrial growth. He joined the Herald in December 2006. He likes to write stories that educate. And there's hardly a subject he's not interested in. Drop him a line at pjoshi@tricityherald.com. | Ingrid Stegemoeller joined the Herald as a business reporter in September 2007. She covers the real estate and retail industries, as well as tourism. She says the best part of her job is meeting new people and hearing their stories. E-mail her at istegemoeller@tricityherald.com |
