Kansas Commissioner Issues Complaint Ratio Report
Kansas Insurance Commissioner Sandy Praeger on Friday
released the 2004 Consumer Complaint Ratio Report which tracks complaints and questions about insurance companies licensed to do business in the State of Kansas.
During 2004, the Kansas Insurance Department closed 5,012 complaints involving insurers. A “complaint” is a written expression
of grievance against an insurance company. The report includes accident and health, annuity, auto, health maintenance organizations (HMOs), homeowner, life and long-term care.
Auto complaints were the highest in 2004 at 39 percent, followed by accident and health at 29 percent. Homeowners’ complaints were 14 percent, with life insurance at 9 percent, HMOs at 5 percent, long-term care at 3 percent, and annuities at 2 percent.
Sixty-three percent (63 percent) of the total complaints dealt with problems relating to claims handling. Other problem areas were underwriting (18 percent), policyholder services (15 percent) and marketing and sales (4 percent). Claims handling problems were identified as unsatisfactory claim settlement/offer (46 percent); denial of the claim (27 percent); and claim delays (21 percent).
For a complete copy of the report, visit the Kansas Insurance Department’s Web site at www.ksinsurance.org or call 1-800-432-2484.
- A Defensible Framework for Post-Wildfire Smoke Damage Claims
- Former NFL QB Hasselbeck on Frontier: Diagnosing CTE Disease in the Living
- When ‘We Accept’ Becomes A Contract: A Claims Lesson From Farmers V. Wood
- Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says
- Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves
- Bodily Injury Is Now A Big Share of Auto Claims Payouts. Is AI to Blame for That Too?
- Insurer Interest in AI Exclusions Growing as Risk Becomes Omnipresent
- Car-Seller Copart Among Suitors for Car Insurance Software Firm CCC