The New Hampshire Insurance Department published a news release announcing some notable achievements for fiscal year 2024. The Department believes these achievements will protect consumers and ensure a fair insurance market.
The Department's Consumer Services Unit was able to recover over $6.5 million for New Hampshire consumers, a record-setting amount, including over $3.4 million from P&C claims and over $2.8 million from life and health claims. They also assessed an over $2.7 million assessment rebate to insurance carriers.
The Department made progress in fraud prevention. They opened 24 new cases and submitted 15 of them for felony prosecution. The impact of these efforts totaled over $200,000. The Enforcement Unit investigated 313 cases of insurance fraud and assessed over $800,000 in fines.
This premium content is locked for FC&S Coverage Interpretation Subscribers
Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.
- Quality content from industry experts with over 60 years insurance experience, combined
- Customizable alerts of changes in relevant policies and trends
- Search and navigate Q&As to find answers to your specific questions
- Filter by article, discussion, analysis and more to find the exact information you’re looking for
- Continually updated to bring you the latest reports, trending topics, and coverage analysis
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected]