The Connecticut Department of Insurance (CID) announced that, during the calendar year 2012, it recovered $8.7 million from insurance companiesfor taxpayers and policyholders. CID investigates and prosecutes cases of unfair insurance practices, such as bad faith denials of claims or refusals to pay benefits. Unfair insurance practices are unfortunately a common stumbling block in the practice of personal injury law, as many individuals and businesses depend on insurance coverage to pay claims for damages. We have assisted people pursue complaints against Connecticut insurance companies for bad faith and other breaches of their duties to their policyholders and the public.
On January 31, 2013, CID announced a total recovery of $8.7 million from insurance companies during 2012. Amounts recovered for policyholders, who filed over 6,100 complaints of unfair insurance practices with CID, totaled almost $4.1 million. CID will distribute that amount to the complainants in proportion to their damages. Fines and penalties, for infractions like failure to make timely payment on claims or failure to maintain state licensure, accounted for the remaining $4.6 million collected by CID. That amount will go into the state's General Fund.
Automobile, homeowners', accident, and general liability insurance policies are the ones most commonly involved in personal injury claims. According to CID, more than half of the amounts recovered for policyholders, about $2.1 million, related to accident and health insurance policies. About $790,000 resulted from complaints over homeowners' or farmers' insurance. Automobile insurance claims, along with fire and commercial insurance claims, each accounted for over $400,000. General liability policy complaints yielded $76,000. The remaining amounts recovered by CID related to life insurance, annuities, and “miscellaneous” insurance policies, all of which are less likely to relate to personal injury claims.
The following case is successfully handled in Connecticut courts by Attorney Levin.
There are no comments for this post. Be the first and Add your Comment below.
Leave a Comment