Insurance Company Settles Over Misleading Solicitations

Attorney General Eric Schneiderman announced a settlement with Iowa-based Trustage Insurance Agency which mailed solicitations for Accidental Death and Dismemberment policies that appeared to come from New Yorkers’ credit unions. An investigation found that Trustage’s Accidental Death and Dismemberment policy solicitations mailed to consumers prominently featured the logo of consumers’ credit unions and did not make clear that the solicitations were from Trustage. The settlement requires Trustage to make a number of changes to its solicitations and pay $75,000 in restitution, penalties, costs, and fees.