The Louisiana Department of Insurance (LDI) announced that in 2015 an additional $5.1 million in insurance claim payments was recovered on behalf of policyholders.
According to Insurance Commissioner Jim Donelon, these funds are the result of insurance department staff working with carrier representatives to resolve complaints and are in addition to the original amounts offered to consumers by their insurance companies.
Funds recovered are from formal complaints regarding property and casualty, health, and life and annuities products. The LDI received 3,667 consumer complaints from January through December 2015.
Topics Louisiana
Was this article valuable?
Here are more articles you may enjoy.
Woman Used Photos from Another Person in State Farm Claim, NCDOI Says 
Marsh McLennan Agency to Acquire The Horton Group 
Wall Street Pushes Back After Activists Escalate Protests 
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns. From This Issue
