Dept of Insurance Returns More than $15 Million to Kentuckians in 2017

The Kentucky Department of Insurance’s Consumer Protection Division announced on Thursday, December 21, 2017, that it returned more than $15 million to Kentucky consumers during 2017. Consumers received more than $10.5 million in restitution through the work of DOI’s Market Conduct Branch, which conducts examinations of insurance-related businesses operating in Kentucky to ensure compliance with the state’s insurance code. An additional $5.3 million was recovered for Kentucky consumers through the investigation and resolution of consumer complaints. More than $600,000 was returned to Kentucky’s General Fund as a result of civil penalties and regulatory settlements with insurance companies.

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