The National Association of Insurance Commissioners is investigating reports that State Farm, the nation’s largest auto insurer, improperly denied claims for treatment of injuries in accidents.
NAIC President George Nichols III said it was not immediately clear how widespread the practice might be, but investigators will study claims for treatment of injuries in all the states. Initially, the investigation will concentrate on medical review utilization organizations. But the ultimate scope of the investigation will be decided by a core group of regulators. State Farm has acknowledged that some claims might have been improperly handled and welcomed the NAIC probe.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market? 
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
AM Best Calls $1.54 Billion Mapfre-Safety Marriage ‘Strategically Compelling’ 
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal 
