Tennessee Announces $2.8M in Restitution Paid to Policyholders in 2015

December 31, 2015

The Tennessee Department of Commerce & Insurance’s (TDCI) Consumer Insurance Services Division announced that more than $2.8 million was repaid in 2015 as a result of the department’s restitution efforts on behalf of Tennessee consumers.

“The Department is an advocate for Tennessee consumers of all walks of life,” TDCI Assistant Commissioner, Insurance Division Michael Humphreys said. “The repayment this year of more than $2.8 million was the result of our insurance investigators mediating between the company and policyholders in order to get denied claims overturned and paid for the policyholder.”

For January through December of 2015, TDCI-assisted consumers received $2,873,222.12, including $515,636.64 received in the month of December alone. By comparison, TDCI provided over $6.3 million in restitution during 2014, which includes the overturning of a large commercial claim in excess of $2 million.

The Department encouraged policyholders to remember that filing a complaint or otherwise contacting TDCI is always an option if they are ever denied a claim or have a question or concern about their insurance policies.

Source: Tennessee Department of Commerce & Insurance

Was this article valuable?

Here are more articles you may enjoy.