Is there any federal Agency set up to police the practices of insurance companies?

Question

I have plenty of evidence supporting my claims of disability but my carrier keeps trying not to pay me. Just seeking some help.

Answer 1

The only way you can force the insurance company's hand is to sue them in a State Court but you may be forced to pay attorney's fees if you lose. The Federal Government can come into play if there is discrimination on the insurance company's part. Otherwise, The Feds see Insurance as a state controlled item (except for Flood insurance which is Federal).

Answer 2

Insurance companies work and operate under state laws.

Each state will have an Insurnace commission and a commsisioner( or simiular title)

You can file a grievance with them.
But also you would need to hire an attorney and file a claim (sue them)

Answer 3

No, the closest Federal factor there is, is a federal FRAUD unit, to prosecute coverage fraud. common claims practices, and so on, are all regulated on the STATE point. you will ought to touch your state coverage branch. confirm to contain copies of the denial letters the service is providing you with, alongside inclusive of your the rationalization why they're incorrect to disclaim you. you additionally can pass down on your community agent and ask them for suggestion - even your vehicle coverage agent could in all risk be attentive to quite approximately this.

Answer 4

Insurance companies are almost exclusively regulated by the states.

I haven't heard of any federal agency who has that mandate, and unless it involved interstate commerce, they wouldn't have the authority anyway.

Answer 5

Insurance regulation is under state jurisdiction, not federal.