The Oregon Department of Consumer and Business Services issued fines against two insurance companies for violating coronavirus emergency orders.
DCBS officials say Allstate Insurance Company and Root Insurance Company violated Oregon’s insurance emergency orders by either canceling or nonrenewing policies held by Oregonians while the emergency orders were in effect.
The emergency orders were in effect from March 25 to Sept. 20, 2020. The orders required insurance companies to provide grace periods for paying premiums and prevented companies from canceling or nonrenewing Oregonians’ policies.
Officials with DCBS say Allstate was fined $50,000 for issuing cancellations or non-renewals for nonpayment of premium on 84 insurance policies in Oregon.
Root Insurance was fined $10,000 after its computer system automatically sent nonrenewal notices to 100 people after their driving frequencies decreased.
Officials say both companies made efforts to reinstate the policies.View This Story on Our Site