Poolman Announces $5.8 Million Recovery for ND Consumers in 2006
Posted on 1/18/2007
FOR IMMEDIATE RELEASE
Contact: Jim Poolman
January 18, 2007
Bismarck, ND - Insurance Commissioner Jim Poolman announced today that the North Dakota Insurance Department assisted North Dakota consumers in recovering around $5.8 million in refunds and benefits in 2006. This figure consists of dollars recovered through the Department's Complaint Hotline, consumer complaints against agents, companies, investigations and benefits received through the Prescription Connection for ND and the Senior Health Insurance Counseling (SHIC) programs.
Poolman said, "This figure represents the hard work we do everyday here for North Dakota citizens. This is a significant amount of money that has gone back to benefit insurance consumers in North Dakota."
In 2006, the Department received and made around 10,000 calls on behalf of consumers regarding various insurance issues. These inquiries resulted in 230 formal complaints against companies and agents. Most complaints involve disputes over fault in automobile accidents, coverage disputes on health insurance claims, and settlement amounts on homeowners insurance claims. Complaints against agents most often involve allegations the agent misrepresented the costs and benefits of the life insurance products they sold.
In 2005, the Insurance Department handled approximately 10,000 calls, processed 260 formal complaints, and recovered $8.4 million.
Poolman encourages any consumers with insurance questions or complaints to call the Insurance Department's Hotline at 1.800.247.0560. North Dakota consumers can also get information and contact the Insurance Department through their website: http://www.state.nd.us/ndins/.