Alexander Insurance Group Inc., the nation’s largest insurer, agreed to pay an undisclosed amount to settle claims related to its unauthorized use of the company’s name and trademarks in connection with the sale of health insurance policies, according to court documents.
Lexander, which has offices in New York and Connecticut, is the only U.S. insurer that sells health insurance under the Health Insurance Portability and Accountability Act, or HIPAA, according.
The settlement is the largest settlement under HIPAA to date, according a spokeswoman for Lexander.
The company said the settlement was unrelated to the allegations made in the lawsuits.
Alexander, founded in 1987 and based in St. Petersburg, Fla., was one of the first insurance companies to sell health insurance on the U.N. website.
The policy, the company said, offered protection against claims of a range of medical problems and diseases, including HIV and pneumonia.
Lexander sold the health insurance in 2015 to HealthFirst.