Universal Casualty Co. (UCC) is in hot water with the Illinois Department of Insurance. Last week, the department issued an order against the Elk Grove Village-based auto insurer for failing to adopt and maintain procedures for the prompt investigation and settlement of consumers’ claims. As a result, UCC, which does business in Illinois, Indiana and Missouri, is mandated to pay a $200,000 fine and correct its claims processes immediately.
In January 2008, the department ordered UCC to create and maintain improved claims investigation and resolution procedures. However, complaints from consumers continued to roll in about UCC's failure to properly address or resolve property damage and liability claims. Acting on behalf of Illinois consumers, the department initiated additional punitive measures and a new investigation of UCC on July 27, 2009.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access