The Iowa Insurance Division (IID) has published a list of the complaints lodged by consumers against insurance companies in the year 2001.
The list breaks down the complaints into six categories: Private Passenger Automobile, Homeowners, Individual Health, Group Health and HMO’s, and gives comparative figures for 1999 and 2000.
The IID indicated that a “complaint” is a written expression of grievance against an insurance company. “The Insurance Division does not differentiate between justified and unjustified complaints”, and cautioned consumers ” not rely solely on these complaint ratios when buying insurance.”
The figures for Auto insurers found that Nationwide Mutual Insurance Company with a 0.231 ratio and State Farm with a 0.161 ratio had the least complaints compared to their premium volume in the state. Workmen’s Auto Insurance Company with a ratio of 1.554 and Dairyland Insurance Company with a 1.572 ratio were the highest.
State Farm was also the lowest in Homeowners complaints with a 0.339 ratio, while Farmers was the highest with a 1.438 ratio.
Was this article valuable?
Here are more articles you may enjoy.
CRC Group Signs Agreement to Acquire Euclid Transactional 
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 
’60 Minutes’ Homeowners Ask Court to Force DFS to Divulge Heritage Probe Info 
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
