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Tennessee Department of Commerce and Insurance reports Over $31.4 Million Located, Returned to Tennessee Consumers in 2019
![]() Tennessee Department of Commerce amd Insurance says Insurance Sector Strengthens Tennessee Economy in 2019 Money Returned to Tennesseans
Those figures reflect only part of the work undertaken on behalf of consumers by TDCI’s Insurance Division staff in 2019 to regulate Tennessee’s growing insurance market. Estimates from the NAIC show $44.8 billion premium volume was written by Tennessee insurance companies in 2019, making Tennessee No. 16 in the nation for premium volume. “The insurance sector is an important and vital part of Tennessee’s economy, and I commend our team for their work balancing responsible oversight of the insurance industry with assisting stakeholders,” said TDCI Commissioner Hodgen Mainda. “When Tennesseans feel overwhelmed when it comes to questions about insurance policies and coverage, I urge them to remember that we are tireless advocates on behalf of consumers when it comes to answering questions and providing assistance.” Said TDCI Assistant Commissioner Rachel Jrade-Rice: “Tennessee policyholders should remember that filing a complaint or otherwise contacting the Department is always an option if they are ever denied a claim or even if they have a question or concern about their insurance policies. I join Commissioner Mainda in congratulating our team on their work on behalf of consumers.”
TDCI figures show the growing importance of the insurance industry in the Volunteer State, including:
Additionally, consumers should also always remember a few essential tips for working with their insurance companies.
About the Tennessee Department of Commerce and InsuranceThe Tennessee Department of Commerce and Insurance protects Tennesseans through balanced oversight of insurance and regulated professions while enhancing consumer advocacy, education, and public safety. Our divisions include the State Fire Marshal’s Office, Insurance, Securities, Regulatory Boards, Tennessee Law Enforcement Training Academy, Tennessee Emergency Communications Board, and TennCare Oversight. To check a license of a professional regulated by the Department, go to http://verify.tn.gov/. SectionsNewsTopicsHodgen Mainda, Life Insurance, Nashville, Nashville TN, TDCI, Tennessee, Tennessee Department of Commerce and Insurance |
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