In turn, TDI has suspended ACM’s third-party administrator (TPA) authority, subject to a two-year probation period, and granted ACM’s application for an all-lines adjuster license, subject to a concurrent two-year probated suspension. Under the terms of the order, American Claims Management (ACM) has agreed to take corrective measures and to pay a $350,000 fine. A California company has entered into a consent order with the Texas Department of Insurance (TDI) after adjusting thousands of property and casualty insurance claims on Texas risks without a required state license.
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