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SOM - Governor Whitmer Proclaims September as Life Insurance and Annuity Awareness Month; DIFS Announces $3.9 Million Recovered for Consumers

SOM - Governor Whitmer Proclaims September as Life Insurance and Annuity Awareness Month; DIFS Announces $3.9 Million Recovered for Consumers
michigan.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from michigan.gov Daily Mail and Mail on Sunday newspapers.

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Michigan Recovers More than $16.2M for Insurance Consumers

Michigan Recovers More than $16.2M for Insurance Consumers
December 23, 2020
The Michigan Department of Insurance and Financial Services (DIFS) says it helped recover more than $16.2 million for consumers during the 2020 fiscal year, which ended Sept. 30.
DIFS’ Office of Consumer Services helped consumers recover $9 million in settled claims, waived fees, refunds, and other reimbursements from insurance and financial service companies and its Life Insurance and Annuity Search Service (LIAS) helped consumers locate another $7.2 million in unclaimed life insurance and annuity benefits.
DIFS encourages consumers to first attempt to resolve disputes directly with their insurance or financial service provider. If a resolution cannot be reached, the department can help try to resolve disputes. Complaints can also lead to broader consumer protection actions, such as fines and license revocations. ....

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SOM - Department of Insurance and Financial Services Helps Consumers Recover More Than $16.2 Million During 2020 Fiscal Year

SOM
Department of Insurance and Financial Services Helps Consumers Recover More Than $16.2 Million During 2020 Fiscal Year
Media Contact: Laura Hall, 517-290-3779, [email protected]
FOR IMMEDIATE RELEASE: Dec. 17, 2020
(LANSING) The Michigan Department of Insurance and Financial Services (DIFS) helped recover more than $16.2 million for consumers during the 2020 fiscal year, which ended Sept. 30. DIFS’ Office of Consumer Services helped consumers recover $9 million in settled claims, waived fees, refunds, and other reimbursements from insurance and financial service companies and its Life Insurance and Annuity Search Service (LIAS) helped consumers locate another $7.2 million in unclaimed life insurance and annuity benefits.
“As a consumer protection agency, DIFS stands ready to help Michiganders resolve disputes and recover owed funds from their insurance agents or companies, banks, credit unions, and other financial services institutions,” said DIFS ....

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