OLYMPIA, Wash. – Insurance Commissioner Mike Kreidler issued fines in August totaling $114,150 against insurance companies, agents and brokers and others who violated state insurance regulations.
For more information, search the order number on the Commissioner’s website.
PEMCO Mutual Insurance Co., Seattle; fined $75,000, order 16-0186
A consumer’s complaint to the Insurance Commissioner about an auto insurance rate increase led to the company discovering a programming error that was overcharging consumers. The company estimates more than 33,000 consumers were overcharged from 2011-2015. It refunded the consumers $4.9 million for the amount it overcharged plus 8 percent interest.