California Looks to Fine AIG Unit Over Fire Claims Handling
New Hampshire Insurance Co. and its claims processing agent York Risk Services, has been cited for 125 violations related to alleged mishandling of claims after a California wildfire in 2008.
New Hampshire Insurance is a subsidiary of American International Group Inc. (AIG).
“The allegations in this case reflect a troubling lack of attention to consumer needs by New Hampshire Insurance Company,” says Adam M. Cole, general counsel at the California Department of Insurance (CDI).
CDI says each violation represents “an alleged unfair or deceptive act,” and each could carry a fine of up to $10,000.
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