Insurance Company Greed In the News

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Insurance Company Greed In the News 

"Military personnel are often young and transient, but they earn a regular paycheck from Uncle Sam. That makes them prime targets for shady sales practices and financial criminals."
"Insurance Sales Barred On Base by Personnel Are Vulberable Off-Site,"
Washington Post, 08/03/08

"Allstate Insurance Co. ranked No. 1 among the worst insurers for consumer policies, according to a new report detailing thousands of legal documents and financial filings. The report, produced by the Washington-based American Association of Justice, contends Allstate placed greed and profits over the interests policyholders."
"American Association of Justice ranks Allstate No. 1 among nation's worst insurers,"
Phoenix Business Journal, 07/09/08

"Allstate ranks as the worst insurer for consumers, according to a comprehensive investigation of thousands of legal documents and financial filings by the American Association for Justice, a trial lawyers' group."
"Lawyers Rate Allstate as Worst Insurance Company,"
Consumer Affairs, 07/09/08

"Allstate Insurance Corp., the state's third-largest home insurer, was ordered yesterday to slash its homeowner's rates by 28.5 percent in one of the deepest rate cuts ever required by the state Department of Insurance. . . .Coincidentally, Poizner's decision was announced a day after the American Association for Justice, an organization of trial lawyers, named Allstate as the nation's worst insurance company for consumers, based on such criteria as its legal tactics, response to customer claims and the ratio between premiums and the amount of money paid on claims."
"Allstate must slash homeowner rates,"
San Diego Union-Tribune, 07/11/08


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