Wash. Fines Chubb Units Over Insurance Violations

Law360, New York (January 24, 2011, 6:36 PM ET) -- Six subsidiaries of Chubb & Son Inc. have been fined $534,000 by Washington State Insurance Commissioner Mike Kreidler for repeated violations of state insurance laws.

Kreidler on Friday announced the fine against property and casualty insurers Federal Insurance Co., Pacific Indemnity Co., Great Northern Insurance Co., Executive Risk Indemnity Inc. Vigilant Insurance Co. and Northwestern Pacific Indemnity Co.

The companies were accused of failing to report reasons for changes in insurance policy rates. The commissioner said his office uncovered 534 violations and fined the insurers $1,000...
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