Long term care insurance company fined $115,000

Insurance Company standards financial federal reserve

Oregon regulators have slapped Bankers Life with the penalty regarding mishandling of claims. State regulators in Oregon have handed Bankers Life and Casualty Co. a massive fine of $115,000 because the long term care insurance company had been mishandling claims that were being filed by disabled and elderly policyholders. The fine was issued after the insurer had been found to have made dozens of violations to the regulations in the state. According to Laura Cali, the Commissioner in Oregon, “I think we’ve made it very clear to them that this…

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