Washington Insurance Commissioner Mike Kreidler is fining four insurance companies for a total of $100,000 after they apparently overcharged thousands of Washington residents.
Hartford Accident and Indemnity Co., Hartford Casualty Insurance Co., Hartford Insurance Co. of the Midwest and Trumbull Insurance Co. have agreed to pay the fine.
The companies will refund more than $1 million in overcharges to customers, including 8 percent interest. The overcharges apparently affected almost 4,800 auto policies between 2009 and 2013. Customers of the companies who were overcharged were notified by the companies and refunds sent out in April.
The error stemmed from when the companies used an unapproved rating factor for policy premiums when consumers' previous insurer was a non-standard insurer.