The Oklahoma Insurance Department (OID) recovered more than $3 million for policyholders in 2017. The money was paid out to Oklahoma consumers who had claim disputes with their insurance company.
OID’s Consumer Assistance/Claims Division, which processes and investigates all complaints lodged by the public against insurance companies, opened 6,220 files in 2017. Employees also answered more than 16,000 phone calls.
The money recovered for consumers last year totaled $3,326,828.16.
Source: OID
Topics Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
‘Structural Shift’ Occurring in California Surplus Lines 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
