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Oregon Recovers $3.4 Million From Insurance Companies In 2017

<p>The Oregon State Capitol in Salem.</p>

Bradley W. Parks

The Oregon State Capitol in Salem.

The state recovered about $3.4 million in unpaid insurance money for Oregonians last year.

The Oregon Division of Financial Regulation says it investigated more than 4,000 insurance complaints last year. They came from people who said their claims were underpaid or who disputed the settlement their insurance offered.

Claim denials and delays topped the list of reasons people filed complaints with the state.

The two types of insurance that received the most complaints were health insurance at 36 percent and auto insurance at 30 percent.

Approximately 75 percent of recovered insurance money came from life and health insurance claims.

"Helping consumers understand their policies and making sure they receive the money they are owed is one of the most gratifying and important parts of our jobs," said Andrew Stolfi, Oregon insurance commissioner.

"We want consumers to contact us anytime they have questions or concerns about their insurance or financial products," Stolfi said.

People with insurance complaints should contact the Oregon Department of Consumer and Business Services.

Copyright 2018 Oregon Public Broadcasting

Kristian Foden-Vencil is a veteran journalist/producer working for Oregon Public Broadcasting. He started as a cub reporter for newspapers in London, England in 1988. Then in 1991 he moved to Oregon and started freelancing. His work has appeared in publications as varied as The Oregonian, the BBC, the Salem Statesman Journal, Willamette Week, the Canadian Broadcasting Corporation, NPR and the Voice of America. Kristian has won awards from the Associated Press, Society of Professional Journalists and the Association of Capitol Reporters and Editors. He was embedded with the Oregon National Guard in Iraq in 2004 and now specializes in business, law, health and politics.