Nationwide Insurance to Repay Millions
TALLAHASSEE – Tom Gallagher, Florida’s Chief Financial Officer, today applauded the agreement between Nationwide Insurance Company and the Office of Insurance Regulation to correct millions in underpayment of insurance claims resulting from the 2004 hurricanes. Gallagher’s Department of Financial Services compiled the complaint files and hurricane deductible information used in the investigation and audits.
“I congratulate the insurance commissioner for reaching this agreement with Nationwide,” said Gallagher. “The level of complaints my office received from Floridians definitely indicated that consumers were not being treated fairly. This agreement should go a long way toward making the consumers whole.”
Posted on 14 October 2005
