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By Shorting Customers Insurers Make Massive Profits
Posted on December 18, 2011
It’s no secret that insurance companies are in business to make money, but the lengths some insurance companies go to in order to increase profits is alarming. In fact, dozens of posts on this blog have alerted our readers to…
The Games Insurance Companies Play
Posted on October 19, 2011
I did not think of the title to this post, it was written in an opinion from Florida’s Third District Court of Appeal. In reviewing the transcript of an examination under oath in Jose De Leon vs. Great American Assurance…
State Farm Allegedly Defrauded the Illinois Supreme Court and Gave Millions to a Judge Who Would Overturn a Billion Dollar Verdict Against It
Posted on October 7, 2011
The Chicago Tribune reported that State Farm allegedly defrauded the Illinois Supreme Court by covering up that it funneled millions of dollars into the campaign of Illinois Supreme Court Judge Lloyd Karmeier. After he was elected to the Illinois Supreme…
[Property Insurance Coverage Law Blog] Contractors Cannot Legally Negotiate Insurance Claims
Posted on July 13, 2011
Following massive hail damage losses, the Arizona Department of Insurance issued a statement which reiterates a warning I have given time and again: [C]ontractors cannot “negotiate” the settlement of the insurance claim with the insurance company representatives on behalf of…
What’s So Bad About Insurance Companies’ Use of Preferred Service Providers?
Posted on
When policyholders suffer a property loss and their insurance adjuster confirms coverage for some or all of the loss, many policyholders will hear the following from their adjuster: “We [the insurer] have a Preferred Service Providers list of recommended contractors…
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