Tuesday, July 14, 2009

South Bend Tribune: Measures target insurance-claim denials

South Bend Tribune: Measures target insurance-claim denials: "Insurance companies would face millions of dollars in fines, damages and attorney fees for denying or delaying valid claims under legislation a state House committee is preparing to debate.

Supporters of the bills, including several Democratic lawmakers, upset policyholders and an industry whistle-blower, met with reporters Monday to announce the legislation, which the Democrat-led House Insurance Committee is expected to approve by week's end. They say Michigan is one of four states without serious financial penalties when a court rules an insurer has not fairly settled a claim."

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