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,” said Michael Humphreys, TDCI Assistant Commissioner, Insurance Division. “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.
Was this article valuable?
Here are more articles you may enjoy.
Married Insurance Brokers Indicted for Allegedly Running $750K Fraud Scheme 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
Chubb Posts Record Q4 and Full Year P/C Underwriting Income, Combined Ratio 
Longtime Alabama Dentist Charged With Insurance Fraud in 2025 Office Explosion From This Issue
