Report
Corso.com Accused of Selling Fake Shipping Insurance
Corso.com markets itself as a provider of “carbon neutral shipping protection,” but behind the eco-friendly branding lies a legal issue: the sale of unlicensed insurance. Corso adds a paid checkout option promising refunds for lost or damaged packages. But no licenses were found in NAIC databases.
Findings
Alleged Violations
Unlicensed Operations
Operating without a valid insurance license in any U.S. jurisdiction
Improper Claim Denials
Denying claims while avoiding regulatory oversight
Misleading Advertising
Advertising language implying a regulated insurance product without disclosures
Lack of Licensed Carrier Disclosure
Failing to name a licensed insurance carrier backing their "protection"
Risks
Why It’s a Problem
OrderProtection.com’s offer is the textbook definition of an insurance product selling a conditional promise of indemnification for a paid fee. But insurance requires a license and regulatory compliance in every
state it operates in. They appear to be operating in violation of:
- State insurance licensing laws
- FTC deceptive marketing regulations
- Visa and Mastercard rules regarding unauthorized charges
Law & Compliance
Laws Potentially Violated
How to Take Action
