Out-of-State Insurance Company Fined $40K in TDI Final Order

The Texas Department of Insurance issued 53 enforcement orders from Jan. 1 through April 25, with fines up to $40,000, according to a summary posted this week on its website. TDI’s largest penalty for a final order so far this year went to an Amelia, Ohio, entity that includes American Family Home Insurance Co., American Modern Home Insurance Co., American Modern Lloyd’s Insurance Co. and American Southern Home Insurance Co. of Amelia, Ohio. The entity was fined $40,000 in February for failing to provide policyholders with loss control information and failure to properly administe...