AAA Subsidiaries in Hot Water Over $2.6 Million Refunds and Fines Have you ever wondered what happens when insurance companies don’t follow the rules? Well, that’s exactly what unfolded in North Carolina recently. Two insurance subsidiaries owned by the Auto Club Group (AAA)—Members Insurance Co. and Universal Insurance Co.—are making headlines for all the wrong reasons. These companies were hit with hefty fines and ordered to pay millions in refunds to policyholders after an investigation revealed numerous violations. But before we get to the fallout, did you know AAA didn’t…
Read MoreAAA Owned Insurance Companies Tied to Billing Errors, Unlicensed Adjusters, and Big Refunds
