Vermont Department of Financial Regulation Commissioner Michael S. Pieciak announced a $100,000 settlement with Acadia Insurance Co. to resolve allegations over the carrier's improper handling of first responder claims for post-traumatic stress disorder.
The department said W.R. Berkley Corp., Acadia’s third-party administrator, engaged in unfair claim settlement practices and violated the state’s Insurance Trades Practices Act “in a vast majority of the claims it handled in Vermont involving PTSD” between 2015 and 2019.
W.R. Berkley Corp., operating as BerkleyNet...
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