Alabama Insurance Claims Data Call Highlights Another Role of Regulators - Online Free Press release news distribution - TopWireNews.com
Logo
  • About Top Wire News
  • Benefits of PR Distribution & SEO Press Releases
  • News Tags
  • Sitemap
  • Automotive
  • Business
  • Business News
  • Health News
  • Law
  • Real Estate News
  • Technology
  • Top Stories
  • Website Announcement
  • World News

Alabama Insurance Claims Data Call Highlights Another Role of Regulators

11/18/2011 // Montgomery, Alabama, USA // [email protected] // Gregor McGavin

Alabama Insurance Commissioner Jim Ridling’s recent order instructing all property and casualty insurers statewide to turn over data on damage claims filed by policyholders in the wake of windstorms earlier this year highlights the broad scope of services state regulators perform for consumers.

In addition to regulating the business and financial practices of companies providing Alabama auto insurance, homeowner policies and other coverage, regulators such as Ridling look out for residents by following up on insurers’ handling of claims and other issues.

That kind of effort is important in the aftermath of natural disasters such as the tornadoes and other high winds that swept across much of the Yellowhammer State in April and May. According to local news outlets, more than 120 people died and vehicles, residences and businesses were leveled.

Ridling sent a notice last month to all companies that sell policies in the state, ordering them to provide his department with the number of claims filed by policyholders, the number—and dollar amount—paid out and how many have not yet been settled.

Source: http://www.aldoi.gov/PDF/Legal/2011-05-AprilStormReports.pdf

Officials with the insurance department say the idea is to see how well insurers are doing with the claims process and to make sure that Alabamians who suffered losses are being treated right.

Earlier this year, Ridling and state Gov. Robert Bentley announced that insured losses from an April 27 tornado outbreak are expected to exceed those caused by Hurricane Ivan in 2004.

The leaders cited a report from a catastrophe modeling company that predicted losses of anywhere from $1.9 billion to $2.9 billion, compared with the $2 billion in insured damages that resulted from Ivan.

After a tornado or other calamity, it can be even tougher than usual for the average consumer to deal with a large insurer. That’s why regulators are there in every state to help residents settle claims that might otherwise never be paid.

Each state has its own laws protecting residents from unfair treatment. Each also has officials that can help negotiate claim disputes, ensure that companies are engaged in proper business practices and penalize those who violate state laws.

To learn more about this and other car insurance issues, readers can go to http://www.onlineautoinsurance.com/alabama/ where they will find informative resource pages and a helpful rate-comparison generator that can help consumers quickly evaluate their coverage options.

Social Media Tags:Alabama Insurance, insurance claims, insurance, car insurance, Alabama auto insurance

Newsroom powered by Online Press Release Distrubution – SubmitMyPressRelease.com


November 21, 2011   vision
Automotive, Business, press release Alabama auto insurance, Alabama Insurance, Car Insurance, insurance, insurance claims
×

Latest News

  • Important Announcement About Human Wigs – By IShow Hair April 10, 2021
  • Say Yes to Tented Weddings with Academy Rental Group April 9, 2021
  • Korescale Reviews: (Update) Do Not Buy Kore Scale Until You’ve Read This! By Official Reviews April 9, 2021
  • Barney Injury Law Announces Launch of New Website April 9, 2021
  • Local Market Leaders Expand Services with New Firm, Epic Global Real Estate Advisors, Inc. April 9, 2021
  • How to recover money from unethical investment brokers April 8, 2021
  • Google Product Review Update: Panacea or New Pain for SEO /Affiliate Marketers? April 8, 2021
  • Okinawa Flat Belly Tonic Reviews – Does Okinawa Flat Belly Tonic Helps To Lose Weight? April 8, 2021
  • Sleeping Mattress New York Announces Launch of New Website April 8, 2021
  • Calvin Dude Provides the Best Custom Automation and Robotic Solutions to Automation Companies April 8, 2021
  • Sacred Raven Tattoo is the Title Sponsor for “Let’s Walk It Out” in Fayetteville, NC April 7, 2021
  • The Website Flip Acquires FlipWebsites.Com April 7, 2021
  • JB Battery China: The Leading Lithium Ion Golf Cart Battery Manufacturing Brand April 7, 2021
  • Automate Your Structure with Terraform April 7, 2021
  • Reasons to Hire a Software Development Team April 7, 2021
  • Global Economies, Small Business Can Jump Start with Vaccine Passports says Futurist April 7, 2021
  • The Importance of Guest Posting – Explained by Ereferer April 7, 2021
  • Acanthamoeba Keratitis, Leishmaniasis and Dry Nose discussed with Profounda’s CEO Todd MacLaughlan April 7, 2021
  • Weather Radio Review Announces Launch of New Website April 7, 2021
  • DHI Hair Transplant Turkey: Cost & Benefits – MedHair Clinic April 6, 2021

Previous Content

Stories by Content

Blogroll
All Press Release News Tags >>
Copyright © 2021 Online Free Press release news distribution – TopWireNews.com
Oxygen