Insurance Department Recoups Funds For Policyholders, Fines Insurers For A Total Of $2.3 MIllion

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The Connecticut Insurance Department recovered funds for insurance customers and fined insurers for violations for a combined total of about $2.3 million during the three-month period ending Sept. 30.

The department’s Consumer Affairs Unit handled more than 1,500 complaints and inquiries and helped recover almost $1.2 million during the third quarter of the year for insurance policyholders. Separately, the department’s Market Conduct division levied more than $1.1 million in fines against insurance companies, which is money that’s deposited into the state’s General Fund. The fines were for various violations and settlements such as untimely claim payments and improper licensing.

“Consumers expect their insurance companies to come through for them in times of need and when that doesn’t happen we want to know about it,” said Connecticut Insurance Commissioner Thomas B. Leonardi. “Whether it’s a dispute over health insurance or a homeowner’s claim, this department holds carriers accountable when they fail to adhere to state laws and regulations. I encourage anyone with a complaint or question to contact the department and utilize the resources we have to assist you in resolution.”

The funds recovered for policyholders were in the following types of insurance:

•           Accident, Health – $677,800

•           Auto – $98,260

•           Fire and Commercial – $4,320

•           General Liability – $14,300

•           Homeowners, Farmers – $172,900

•           Life, Annuities – $178,350

•           Miscellaneous – $22,345

About Matthew Sturdevant

Full-time staff journalist at The Hartford Courant and magazine freelancer with a master's degree in writing from Dartmouth. My work has appeared in The Los Angeles Times, The Chicago Tribune, Taiwan News, The Baltimore Sun and many other news sources. My blog has been referenced by Politico.com, the Kaiser Family Foundation, the Georgetown Law Library and a number of organizations in healthcare and business. Sturdevant’s blog is "a well-written wealth of ideas," said The Donald W. Reynolds National Center for Business Journalism, (businessjournalism.org, May 18, 2011). I have experience writing for newspapers, magazines, Web sites and blogs as well as shooting and editing video. I made regular appearances on news-talk radio and on the NBC affiliate station in Corpus Christi, Texas. I made occasional appearances on the Fox affiliate in Connecticut promoting Hartford Courant articles.

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