Insurance Company Greed Press Releases

Report: State Tort Reforms Don't Lower Premiums For Doctors or Patients
December 10, 2009
Washington, DC—State tort reforms have provided a boon to insurance companies, leading to record profits while physician and patient premiums continue to skyrocket.
AAJ Statement On Insurance Industry 2008 Financials
April 9, 2009
Washington, DC–Today, the insurance industry reported a profit of $2.4 billion in 2008, a decrease from $61.9 billion in the prior year.
Insurance Company Tactics Add to Americans' Financial Hardships
November 12, 2008
Washington, DC—Insurers are increasingly using tough tactics against cash-strapped consumers to boost profits, according to a new report that investigates claims data, policies, and news accounts.
U.S. Chamber Created Current Financial Crisis, New Report Says
September 30, 2008
Washington, DC—The current financial crisis was caused by U.S. Chamber’s aggressive lobbying to eliminate accountability and oversight, says a new issue brief that also exposes payments from bailed-out AIG to the Washington corporate lobby.
Allstate Ranks as Worst Insurer for Consumers
July 9, 2008
Washington, DC—Allstate ranks as the worst insurer for consumers, according to a comprehensive investigation of thousands of legal documents and financial filings.
AAJ: Insurance Companies Taking In More, Handing Back Less
April 9, 2008
Washington, DC—Today, the Insurance Information Institute announced a near-record $61.9 billion 2007 profit for the industry. Insurance companies have made an unprecedented $169 billion profit since Hurricane Katrina.
AAJ Report Reveals “Pattern of Greed” Katrina Victims Abused by Insurance Companies As Profits Soar
August 28, 2007
Washington, DC—Two years after Hurricane Katrina decimated the homes of thousands of Gulf Coast residents, the American Association for Justice (AAJ) today released a report exposing how insurance companies systematically denied paying policyholders fair and just claims following this and other natural disasters.
New Report Shows Malpractice Insurers Price-Gouging Doctors and Driving Up Cost of Care
May 24, 2007
Washington, DC— The American Association for Justice (AAJ) today released a report revealing the medical malpractice insurance industry has been price-gouging doctors through excessive premiums and needlessly contributing to the growing cost of healthcare.
AAJ Calls On Greedy Insurance CEOs to Defend Record Profits
April 24, 2007
Washington, DC—The American Association for Justice (AAJ) today called on insurance industry CEOs to defend how they continue to abandon Gulf Coast policyholders after reporting last week the largest profits ever - $63.7 billion. This follows the Insurance Information Institute (III) release yesterday of property casualty insurers’ 2006 numbers.

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