OLYMPIA, Wash. — Insurance Commissioner Mike Kreidler issued fines in October totaling $111,000 against insurance companies, agents and brokers who violated state insurance regulations.
Insurance companiesAmGUARD Insurance Company, Wilkes Barre, Penn.; fined $30,000 (order 22-0548).
AmGUARD failed to provide timely payment to a consumer who filed a claim after their apartment building was damaged. The consumer eventually filed suit under the Insurance Fair Claims Act (IFCA) and a judge’s partial summary judgement found AmGUARD to have engaged in unfair trade practices.…