The Louisiana Department of Insurance (LDI) announced that in 2015 an additional $5.1 million in insurance claim payments was recovered on behalf of policyholders.
According to Insurance Commissioner Jim Donelon, these funds are the result of insurance department staff working with carrier representatives to resolve complaints and are in addition to the original amounts offered to consumers by their insurance companies.
Funds recovered are from formal complaints regarding property and casualty, health, and life and annuities products. The LDI received 3,667 consumer complaints from January through December 2015.
Topics Louisiana
Was this article valuable?
Here are more articles you may enjoy.
CSU Adjusts Atlantic Hurricane Season Forecast Due to Emerging El Nino 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk 
Claimants of 23andMe Data Breach to Get $46.75M in Settlement Deal From This Issue
