AFFIRMATIVE AFFIRMS SUBPOENA:
Affirmative Insurance Holdings Inc. of Addison, Texas, a provider of personal non-standard automobile insurance, acknowledged that its insurance company subsidiaries and one of its agencies have received subpoenas from the Illinois Department of Financial and Professional Regulation, Division of Insurance, requesting documents and seeking information in connection with its industry-wide investigation into producer compensation arrangements. The company indicated that the subpoenas are “consistent with the subpoenas delivered to most other Illinois domestic insurance companies and major insurance brokerage firms.” Affirmative said it conducts “its business with the highest of ethical standards,” and that it intends “to fully cooperate with the state of Illinois in its investigation.” Affirmative currently offers products and services in 11 states, including Texas.
- Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
- Viewpoint: Model Independence Is the AI Strategy Insurers Can’t Afford to Ignore
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event