The auto insurer agree that refunds
More than one million New York, are expected to obtain a refund of $ 225 for each car five insurance companies which are not handed over to pay for car security and anti - theft devices, a solution of last week with the New York State Attorney General’s Office.
The five companies - State Farm Mutual, Allstate, travellers, General Accident and Metropolitan - which account for about one fifth of the New York State’s self-insurance.
Under the settlement, announced Thursday the companies agreed to pay more than $ 110 million in export refunds estimated at 10 million customers across the country, including the one million drivers in New York.
But more than 200 other insurance companies are still under investigation and the Attorney General, Robert Abrams, has promised to bring, even if they were not mentioned. “For the greater part of the whole industry and the vast majority of companies, there has been massive violation of the law,” said Abrams. Up to $ 500 million in reimbursements could be due to customers throughout the country, if the investigation is complete, he said. Security Features
The investigation was prompted by a car mechanic from Rochester, contact the Attorney General’s office, after finding that he had not received a rebate to ensure that airbag in the car. More than 80 per cent of the population, were handed over to the liabilities of restrictions in their cars never get, “said Abrams.
New York State law, insurance discounts for anti-theft devices and security features such as air bags, automatic seat belts and anti-lock brakes. Mr. Abrams said that discounts have been in insurance policies offered across the country.
New York State’s Insurance Superintendent, Salvatore Curiale, said five companies are certainly painful, and they should be embarrassing. ”
An official of the American Insurance Association, said he did not think it was a malicious effort on the part of consumers, industry deny their discounts. “The American Insurance Association, said the law is the law, and we encourage our companies to obey the law,” said Robert Gaines, a lobbyist for the Association.
Mr. Abrams said insurance companies, it offers a multitude of excuses to explain why the cuts were not specified. A company had said that consumers demand, especially for her, he said, while another complained that its business has grown so quickly, he was unable to maintain with the discount.
In addition to the repayments, the five companies agreed to pay a total of $ 708872 in the state in exchange for a promise not to follow. Allstate, with $ 282114 and the State Farm Mutual, with $ 225000, paid the highest sanctions.
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