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October 15, 2009

Insurance agents fined for taking kickbacks

Filed under: IL — info @ 11:28 pm

State insurance regulators have fined 43 insurance agents and brokers across Western and Central New York for accepting kickbacks, or not supervising staff who accepted them, in exchange for steering customers to certain auto glass repair shops.

The agents and brokers, who work at more than two dozen different insurance agencies, were accused of accepting department or grocery store gift cards in return for referring auto insurance customers with repair claims to Bison Glass or Pat’s Glass. The cards ranged in value from $35 to $60, and some payments added up to more than $1,000.

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