HCC Insurance Holdings, Inc.

HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
Participated in a specialty aviation insurance policy that covered commercial flight operations in Iran during the period of April 2005 – April 2006. Specifically, HCC participated in the hull portion of an aircraft hull and liability insurance placement by a foreign insurance broker that insured a foreign-owned commercial airline that leased aircraft to an air charter company that operated in Iran.
Fine:
Total Fine
$38,448.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$38,448.00
Source:
Treasury, “Enforcement Information For April 26, 2011.”
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