NU Online News Service, Nov.10, 11:52 a.m. EST
Chubb & Son said it has appealed an order from Washington State Insurance Commissioner Mike Kreidler, who is looking to stop six Chubb subsidiaries from writing new commercial insurance in the state for nine months because the companies' use of rates allegedly did not adhere to their rate filings.
Commissioner Kreidler said Chubb faces a $534,000 fine–an amount based on 534 alleged violations of state law at $1,000 a piece.
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