Illinois Department of Insurance fines former Berkshire Hathaway companies 250-thousand dollars for selling unapproved work

November 17, 2020 - Chicago – The Illinois Department of Insurance (IDOI) fined Continental Indemnity Company and Applied Underwriters, Inc. for overcharging some Illinois small businesses for workers’ compensation insurance. The Department conducted a market conduct examination in 2019 and found that the companies marketed and sold unapproved workers’ compensation policies, packaged with side agreements, in violation of the law.

Press release