OLYMPIA, Wash. – Insurance Commissioner Mike Kreidler’s Consumer Protection program helped a Washington family recover a record $34.7 million in life insurance benefits following a death in Japan.
The recovery is the result of a complaint filed with Kreidler’s office in August. It is the largest in the agency’s history.
An attorney representing the beneficiaries filed the complaint after Security Life of Denver Insurance Co. denied paying benefits because it claimed it had no certified proof the man who bought two policies had died.
Records show he…