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ALLSTATE LEADS LIST OF TEN WORST INSURANCE COMPANIES
Insurance giant Allstate leads the list of 10 worst insurers in a study conducted by the American Association of Justice. (Disclaimer: I am a sustaining member of the American Association of Justice). The study was reported to be based on a "comprehensive investigation of thousands of legal documents and financial filings". Other insurance companies making the list, in descending order, are: Unum, AIG, State Farm, Conseco, WellPoint, Farmers, UnitedHealth, Torchmark and Liberty Mutual. "The name of the game is to deny, delay, defend- do anything, in fact, to avoid paying claims", the report stated.
For example, Unum, agreed to pay a $15 million fine to a combined 49 states in 2004 to settle charges over denied claims payments; Conseco is being investigated by a congressional committee over its denial of care for senior citizens who bought long term health care; and AIG, the world's largest insurer, paid $1.6 billion to settle charges levied by New York regulators.
I am currently litigating a first party bad faith claim against one of the insurance companies on this list. If you have been treated unfairly by your insurance company, and sustained damages, please call me to discuss your claim.
