Athene Life Insurance Co. of New York was fined $15 million by state regulators Thursday after an examination by the agency found the company violated the state’s insurance laws and regulations by failing to make required disclosures to their policyholders.
June 29, 2018 at 05:17 PM
1 minute read
Athene Life Insurance Co. of New York was fined $15 million by state regulators Thursday after an examination by the agency found the company violated the state’s insurance laws and regulations by failing to make required disclosures to their policyholders.
The agreement also involves First Allmerica Financial Life Insurance Co., a subsidiary of Global Atlantic Financial Group, which agreed to make remedial efforts costing about $40 million.
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