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.
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage 
Trapped Tesla Driver’s 911 Call: ‘It’s on Fire. Help Please’ 
Zurich Reveals Beazley Stake After UK Insurer Spurns Bid From This Issue
