Tennessee Department of Commerce & Insurance (TDCI) News

Tennessee Insurance Head McPeak Steps Down; Lawrence Tapped as Interim Chief

After eight years as the head of the Tennessee Department of Commerce & Insurance (TDCI), Commissioner Julie Mix McPeak is leaving Tennessee state government in order to pursue career opportunities in the private sector, according to a statement from TDCI. …

Tennessee: $3.2M in Restitution Returned to Insurance Consumers So Far in 2018

The Tennessee Department of Commerce & Insurance’s (TDCI) Consumer Insurance Services Section has returned $3.2 million so far to Tennesseans through its restitution efforts in 2018, according to a statement from TDCI. Through the first eight months of 2018, TDCI …

Tennessee Halts Businesses of 2 Unlicensed Agents

Two former Tennessee insurance providers have been served cease and desist orders by the Tennessee Department of Commerce & Insurance (TDCI) in response to fraudulent practices the department says they used to sell insurance and scam consumers. TDCI issued a …

Tennessee Fines Agency Operator $187K, Revokes License for Defrauding Clients

A Tennessee insurance agency operator has been fined $187,000 in civil penalties and had his producer’s licensed revoked for defrauding clients, according to the Tennessee Department of Commerce & Insurance (TDCI). The disciplinary actions were the latest moves taken to …

Tennessee Insurance Consumer Complaints Down Slightly in 2017

Insurance complaints decreased again in 2017 and remained last of the top 10 consumer complaint categories, according to the Tennessee Department of Commerce & Insurance’s (TDCI) Division of Consumer Affairs. The number of consumer complaints in 2017 related to insurance …

Tennessee Returns $6.5M in Restitution to Insurance Consumers in 2017

Tennessee consumers received $9.4 million in restitution and the recovery of life insurance benefits in 2017, according to the Tennessee Department of Commerce & Insurance’s (TDCI) Consumer Insurance Services Section. Over $6.5 million was returned to Tennessee consumers in 2017 …

Tennessee Sees Improvement in Number of Insurance Consumer Complaints in 2016

Insurance complaints ranked last of the top 10 complaint categories for 2016, according to the Tennessee Department of Commerce & Insurance’s (TDCI) Division of Consumer Affairs. The number of consumer complaints in 2016 related to insurance – 177 of a …

Tennessee Captive Industry Sets Record Growth in 2016

Tennessee’s captive insurance market saw a record annual total of 104 risk bearing entities (RBEs) added in 2016, according to data released by the Tennessee Department of Commerce & Insurance (TDCI). The new captives are comprised of 30 pure captives, …

Tennessee Insurance Commissioner McPeak Elected NAIC President-Elect

Tennessee Department of Commerce & Insurance (TDCI) Commissioner Julie Mix McPeak will serve in 2017 as president-elect of the National Association of Insurance Commissioners (NAIC), the nation’s insurance regulatory support organization. McPeak was recently elected to the post during the …

Tennessee Insurance Department Works With Insurers to Pinpoint Wildfire Claims

Devastating wildfires that have hit the state of Tennessee, particularly in the City of Gatlinburg, have caused widespread damage, with 656 claims reported to the Tennessee Department of Commerce and Insurance (TDCI) as of Dec. 1. That number will undoubtedly …