Maine insurance regulators say they recovered nearly $3.5 million for insurance consumers whose claims were underpaid in the state last year
More than $1.5 million was recovered for consumers by the Bureau’s Property and Casualty Division, and nearly $2 million was recovered for consumers by the Consumer Health Care Division. In addition to the recoveries for consumers, violations of Maine law resulted in $1.2 million in fines that were paid to the state’s general fund.
Superintendent Mila Kofman said the two divisions handled over 9,000 inquiries and received nearly 1,000 formal complaints in 2010.
Topics Maine
Was this article valuable?
Here are more articles you may enjoy.
Space Startups Seek Insurance for Orbital AI Data Centers 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
