$12 million recovered for Colorado insurance consumers, state claims

  Friday, November 12th, 2010 Source: Insurance Journal

Colorado insurance regulators fielded more than 25,500 inquiries from consumers in the past year, resulting in a total of nearly 5,000 formal grievances. During this period, the investigation of these grievances amounted to more than $12 million being recovered for policyholders, with approximately $2.8 million of that sum being recovered from auto insurers. The complaint-handling activity of the Colorado Division of Insurance (DOI) was documented in the recently released Complaints Against Insurers report, which is compiled annually.

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