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You are here: Home / News / Pennsylvania Insurance Department Fines First Acceptance Insurance Company for Misleading Consumers

Pennsylvania Insurance Department Fines First Acceptance Insurance Company for Misleading Consumers

March 2, 2023 By CollisionWeek Editor

Acting Pennsylvania Insurance Commissioner Michael Humphreys yesterday released a market conduct examination report of First Acceptance Insurance Company that resulted in a $105,000 penalty.  The examination found that agents for the company were misleading consumers and adding on optional third-party coverages without the consumer’s knowledge or full understanding.

According to the market conduct report, two-thirds of the complaints the Department received about the company were auto claims related. The company had over $8 million in 2020 Direct Written Premiums in Pennsylvania, including $4,968,144 in private passenger auto liability and Private Passenger Auto Physical Damage premiums of $2,042,875.

“First Acceptance’s business

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Filed Under: News Tagged With: Insurance Commissioner, Pennsylvania

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