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.
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 

