Tennessee helped recover $17.45M for residents from insurance companies in 2023

(The Center Square) – Tennessee’s Department of Commerce and Insurance says it recovered a record of more than $17.45 million for Tennessee residents in 2023.

The funds came through mediation and restitution efforts with insurance carriers as TDCI was involved in the mediation of 3,771 consumer complaints against insurance companies.

“TDCI’s Consumer Insurance Services team has worked tirelessly on behalf of Tennessee consumers in 2023, and I congratulate them for their record-breaking work,” said TDCI Assistant Commissioner Bill Huddleston. “Dealing with insurance-related issues can be overwhelming and frustrating, and our dedicated Consumer Insurance Services team is always ready to assist consumers with their questions and complaints.”

TDCI’s insurance division includes 126 full-time employees and was budgeted for $25.1 million in expenses in the 2023-24 fiscal year, up from 109 employees and $14.6 million in the 2021-22 fiscal year.

The insurance division’s 2022-23 and 2023-24 budgets were similar at just under $25 million.

- Advertisement -

TDCI says it regulates all types of insurance, and its Consumer Insurance Services team can answer questions at 800-342-4029 or 615-741-2218.

The most common complaints are related to claim denials, claim delays, unsatisfactory settlement offers and out-of-network benefits.

“Filing a complaint is always an option for consumers who feel as if an insurance claim has been unjustly denied, or if they have questions or concerns about their insurance policies,” Huddleston said.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

WATCH: IL family fighting state to keep child with disabilities closer to home

(The Center Square) – A southern Illinois family is...

55,000 LA County employees go on strike as county cuts spending, avoids layoffs

(The Center Square) - Fifty-five thousand Los Angeles County...

WATCH: Illinois In Focus Daily | Tuesday April 29th, 2025

(The Center Square) – In today's edition of Illinois...

‘Main Street, not Wall Street’: Trump defends tariffs, touts immigration success

President Donald Trump delivered remarks at a rally in...

1,786 Wisconsin deer tested positive for chronic wasting disease in 2024

(The Center Square) – There were 1,786 deer that...

Report: WA wealth tax would not cause ‘mass exodus of millionaires’

(The Center Square) – A novel tax proposal out...

Louisa County Board of Supervisors approve $187.6M budget

(The Center Square) – Louisa County, Va. supervisors unanimously...

More like this
Related

WATCH: IL family fighting state to keep child with disabilities closer to home

(The Center Square) – A southern Illinois family is...

55,000 LA County employees go on strike as county cuts spending, avoids layoffs

(The Center Square) - Fifty-five thousand Los Angeles County...

WATCH: Illinois In Focus Daily | Tuesday April 29th, 2025

(The Center Square) – In today's edition of Illinois...