Day: March 11, 2025

37 Insurers Slapped with $20M in Insurance Fines for Breaking New York’s Reporting Rules

G. Turner
Insurance Fines

New York State Fines Auto Insurers $20 Million Over Reporting Failures The New York State Department of Financial Services (DFS) has handed down $20 million in fines to 37 auto insurers for failing to report new and terminated insurance policies in a timely manner. This enforcement move, announced recently, comes after years of warnings from state regulators about ongoing reporting failures. While the fines aim to improve compliance, the case has raised important questions about outdated reporting systems, consumer protection, and accountability. Why Timely Reporting Matters for Drivers When you…

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Allstate’s $4 Billion Acquisition Comes with a Cybersecurity Crisis

Angela Linders
Allstate Cybersecurity Crisis

New York Sues Allstate over Data Breach Failures A new lawsuit filed by New York Attorney General Letitia James has sparked renewed attention on the importance of cybersecurity, particularly in industries holding sensitive personal information. The case targets National General, a subsidiary of Allstate, accusing the company of failing to report a data breach and neglecting to implement reasonable safeguards to protect customer data. Here’s what we know so far and what it means for you. The Breach That Sparked the Lawsuit According to a recently published article on Reuters,…

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Liberty Mutual to Refund Louisiana Homeowners Over Assessment Overcharges

H. Cutner
Liberty Mutual refund

Why Louisiana Homeowners Deserve Answers If you’re one of the 138,000 Louisiana residents insured by Liberty Mutual, you may soon see a small refund coming your way. For four years, the insurance giant overcharged policyholders for the Louisiana Citizens Property Insurance Corp. assessment. This surcharge is intended to help homeowners who cannot find coverage on the private insurance market due to natural disaster risks, but errors in Liberty Mutual’s calculations left many consumers paying more than they should have. The overcharges, which total about $4 million, might not break the…

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