Maine insurance regulators say they recovered nearly $3.5 million for insurance consumers whose claims were underpaid in the state last year
More than $1.5 million was recovered for consumers by the Bureau’s Property and Casualty Division, and nearly $2 million was recovered for consumers by the Consumer Health Care Division. In addition to the recoveries for consumers, violations of Maine law resulted in $1.2 million in fines that were paid to the state’s general fund.
Superintendent Mila Kofman said the two divisions handled over 9,000 inquiries and received nearly 1,000 formal complaints in 2010.
Topics Maine
Was this article valuable?
Here are more articles you may enjoy.
UnitedHealth Investor Suit Alleges Security, Governance Lapses 
Almost All Top US Companies Had Board Diversity Rules. Now Most Are Gone 
Can Reinsurers Maintain Underwriting Discipline or Will ‘Irrational’ Competition Return? 
Thoma Bravo to Take Accelerant Private in $4 Billion Deal 
