The Department of Financial Services helped recover over $22 million for Florida’s insurance consumers in 2009, according to officials.
The $22 million represents an increase from $14 million recovered in 2008.
Florida CFO Alex Sink said one recent success story was the recovery of more than $516,000 for 998 customers of Household Finance Co. The department was tipped off by an Orlando resident who discovered monthly premiums of $4.93 being deducted from her account two years after her policy expired.
A $60,000 recovery occurred after a Sarasota resident was sold an annuity that did not meet the requirements he set.
Richard Foster of Temple Terrace, who was frustrated because he could not get a call back from his insurance company regarding a claim, was able to recover $12,160 within days after calling the department’s insurance consumer helpline, according to Sink.
Was this article valuable?
Here are more articles you may enjoy.