$52 million in life insurance benefits recovered in Colorado

Life insurance - Money

The state’s Consumer Services Team from the Division of Insurance recovered the money. The Colorado Department of Regulatory Agencies’ (DORA) Division of Insurance (DOI) has recovered a substantial amount of life insurance benefits money over the last few months. The DOI received three complaints since November 2022, leading to $4.5 million in found benefits. Beyond the money recovered from the investigation that occurred following the complaints, another $48 million in benefits have been found in Colorado from the Life Insurance Lost Policy Locator. The benefits recovered in November 2022 following…

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Colorado insurance commissioner points finger at Trump administration for massive rate hikes

denver colorado health insurance

Marguerite Salazar says that uncertainty generated by the president led to the 27 percent rate hike requests. Colorado Insurance Commissioner Marguerite Salazar’s department received requests for 27 percent rate hikes in the individual market and 7.3 percent for small group. The commissioner is not happy and blames the Trump administration for the uncertainty they’ve created within the market. Salazar said the games played by the Trump administration have caused the health insurance market to become unstable. The result of these actions, said the Colorado insurance commissioner, was huge 2018 rate…

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