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TENNESSEE– In 2022, the Tennessee Department of Commerce & Insurance (“TDCI”) returned $11.49 million to Tennesseans through its mediation and restitution efforts.
This figure represents the largest amount of money ever repaid to consumers in a single year in the Department’s history.
As part of the mediation and restitution process, TDCI’s Consumer Insurance Services team mediated 3,249 complaints between consumers and insurance companies. .
The Tennessee Department of Commerce & Insurance s Division of Securities has joined a multi-state financial settlement with Nexo Capital, Inc. to resolve its past unregistered activities.