April 30, 2012 | last updated June 1, 2012 2:13 pm

CT recovers $1.2M for policyholders in 1Q

Insurance Commissioner Thomas B. Leonardi says his agency has recovered nearly $1.2 million for policyholders and taxpayers in the first quarter of 2012.

Leonardi said Monday the agency's Consumer Affairs Unit fielded about 1,600 complaints and inquiries and helped policyholders recoup $808,000 in the first three months of the year.

The Market Conduct division levied more than $375,000 in fines to companies for a variety of violations ranging from untimely claim payments to improper licensing, returning that money to the state General Fund.

In 2011, the department says it recovered and returned some $6.75 million to policyholders and Connecticut taxpayers.

The majority of the funds recovered for policyholders stemmed from complaints over health, accident and homeowners policies. The breakdown of funds recovered in from Jan. 1-March 3 is:

  • Accident, Health - $320,746
  • Auto - $137,297
  • Fire and Commercial - $57,361
  • General Liability - $23,152
  • Homeowners, Farmers - $243,173
  • Life, Annuities - $6,154
  • Miscellaneous - $12,915

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