Department of Commerce alleges travel insurance was improperly sold

The Minnesota Department of Commerce announced that 81,970 Minnesota consumers who purchased travel insurance on between June 1, 2009 and January 24, 2012 will receive nearly $2.5 million in refunds.

A consent order issued by Commerce Commissioner Mike Rothman last Friday alleges that New York-based National Union Fire Insurance Company of Pittsburgh and Wisconsin-based Travel Guard Group, Inc. violated state law by automatically enrolling consumers in optional travel insurance policies. The order also requires NUFIC to pay the State of Minnesota a $250,000 civil penalty for alleged market misconduct.

Minnesota consumers who think they may be eligible for reimbursement are encouraged to contact the Department of Commerce for additional information about how to collect their reimbursement.