Montana Supreme Court upholds fine for insurer’s policy transfer missteps
The Montana Supreme Court upheld a $250,000 fine, with $150,000 suspended, against Victory Insurance Company for mishandling workers’ compensation policy transfers in 2019. The case stemmed from Victory’s agreement to sell its workers’ compensation business to Clear Spring Property and Casualty Company. Victory notified policyholders via a single email on December 31, 2019, stating their … Read more