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Warren and Hawley seek answers on insurers’ zero-payout claims
WSJ Markets reports that Senators Elizabeth Warren and Josh Hawley are launching a probe into insurers over zero-payout insurance claims.
The senators asked whether insurers are generating profits using tactics that delay or reduce claim payments.
They also questioned whether these practices are contributing to the high rate of claims that end without any payout.
The probe targets whether insurers are using payment delay tactics to improve their financial results, according to the report.
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