DOI Recoups $38.4M For Colorado Consumers

The Colorado Division of Insurance recovered about $38.4 million for Colorado consumers during the last fiscal year. In a Tuesday news release the agency, which is housed under the Department of Regulatory Agencies, announced $38,475,615 was reclaimed in the 2017-18 fiscal year. DOI’s investigation of consumers’ complaints against insurance companies netted about $11.4 million of the funds recovered, which was highlighted in its annual Complaints Against Insurers report, according to the release. That amount was a 34 percent increase over the approximately $8.5 million recovered in the 2016-17 fiscal year.