Central Bank imposes record €3.35m fine on Combined Insurance Company of Europe; Also orders refund of €2.15m to customers
Dec 20th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Central Bank of Ireland has fined an insurance company €3.35m -- a record for the bank - - for 28 breaches of regulations at an insurance company over a five-year period to April 2011. Combined Insurance Company of Europe has also been order to refund €2.15m to customers holding 7,917 policies.