The Kansas Insurance Department announced September 2009 was a record month for insurance claim recoveries.
The department’s Consumer Assistance Division recovered almost $4.5 million from insurance companies as a result of the resolution of disputed claims.
The amount is based on inquiries and formal complaints filed with the department by policyholders.
The money recovered is above and beyond what companies had originally offered policyholders in claims settlements.
From 2003 through 2008, the insurance department has recovered nearly $72 million for Kansas policyholders through claims dispute resolution, the department noted.
Source: Kansas Department of Insurance, www.ksinsurance.org
Was this article valuable?
Here are more articles you may enjoy.
Canceled FEMA Review Council Vote Leaves Flood Insurance Reforms in Limbo
Charges Dropped Against ‘Poster Boy’ Contractor Accused of Insurance Fraud
These Five Technologies Increase The Risk of Cyber Claims
Credit Suisse Nazi Probe Reveals Fresh SS Ties, Senator Says