November 10, 2016

Missouri Insurance Regulator recovers over $9 million for consumers in first nine months of 2016

Missourians should contact department at 1-800-726-7390 with insurance claim concerns

Jefferson City, Mo.  – The Missouri Department of Insurance recovered over $9 million for consumers who filed complaints against their insurance companies during the first nine months of 2016. 

“Our Consumers Affairs Division stands ready to assist Missourians if they feel they have reached an impasse with an insurance company while filing a claim,” said Department Director John M. Huff. “This is a service we offer at no cost to consumers.”

In the first three quarters of 2016, the Consumer Affairs Division received 3,182 formal complaints. The top reason for complaints was claim denial with followed by delays of claim processing, coverage questions and cancellation. The division handled 15,509 consumer phone calls and 3,222 inquiries.

Some notable accomplishments for the first nine months of 2016: 

  • St. Louis consumer was in accident and the at-fault party had the state minimums for bodily injury. The injuries she sustained surpassed the coverage limit on the at-fault party’s policy so she pursued a claim under her own underinsured motorist coverage. She was experiencing delays, but after filing a complaint with our department, the company settled the claim and paid her policy limit of $25,000.
  • A Missouri consumer is battling cancer and his physician recommended a specific type of radiation treatment. The prior-authorization was denied by the insurance company. The consumer filed a complaint with our department and after additional review the company overturned the denial and provided coverage per the policy’s benefit schedule resulting in a total recovery of $58,181.30.
  • A Southeast Missouri man and his children were out of town when their house caught fire and completely destroyed by fire. The consumer experienced delays when dealing with the company and he decided to file a complaint with our office.  After the complaint was received, the company issued payment for the limits on the structure and contents. Total payments of $212,660 were issued to the consumer. 

Consumers with complaints or questions about their insurance agent or company can call the department’s Insurance Consumer Hotline at 1-800-726-7390 or visit insurance.mo.gov.

About the Missouri Department of Insurance, Financial Institutions & Professional Registration

The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) is responsible for consumer protection through the regulation of financial industries and professionals. The department's seven divisions work to enforce state regulations both efficiently and effectively while encouraging a competitive environment for industries and professions to ensure consumers have access to quality products.

###