The Connecticut Insurance Department says it recovered nearly $8 million for policyholders and taxpayers in 2018 by helping individuals, families and employers with their claims and complaints.
Acting Commissioner Paul Lombardo says the agency’s consumer affairs staff each year helps thousands of consumers with their questions and concerns about their insurance coverage. The agency also ensures the companies are complying with state laws and regulations.
Data show the agency’s unit fielded 6,350 complaints and inquiries in 2018 and helped policyholders recoup more than $5.5 million. During the same year, the department’s Market Conduct Division levied approximately $2.3 million in fines against carriers, returning that money to the state’s General Fund.
Most of the funds recovered for policyholders stemmed from complaints over health, accident, homeowners, life and annuities.
Topics Connecticut
Was this article valuable?
Here are more articles you may enjoy.
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
Tennessee Approves Smallest Drop in Workers’ Compensation Costs in Years 
