The Connecticut Insurance Department recovered nearly $1.8 million for policyholders and taxpayers in the second quarter of this year, according to Thomas B. Leonardi, the department’s commissioner.
The department”™s Consumer Affairs Unit answered more than 1,600 complaints and inquiries to help policyholders recoup more than $1.3 million in the last quarter, according to an Insurance Department press release.
Most of the recovered funds for policyholders came from complaints related to health, accident, homeowners and life and annuities policies. More specifically, $818,000 was recovered for accident and health, $122,000 for auto, $500 for general liability, $198,000 for homeowners and farmers, $16,500 for life and annuities and $155,000 for miscellaneous.
The department’s Market Conduct Division has imposed about $440,000 in fines and penalties related to licensing issues and not paying claims.
Consumer recoveries and industry fines have totaled about $3.4 million since January.
