NU Online News Service, March 24, 10:51 a.m. EDT
Clarendon National Insurance Company has paid a $360,000 fine for overcharging auto insurance policyholders and refunded customers approximately $992,000, the New York State Insurance Department said.
According to the department, Clarendon improperly imposed a 30 percent rate hike on 1,227 New York automobile insurance policyholders in April 2006. Most of the policyholders, the department said, live in New York City and on Long Island.
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