AAJ Report Exposes Pattern of Greed
Recently, the American Association of Justice (AAJ) released a comprehensive report on the insurance industry. Using thousands of court documents and state and federal records, as well as news reports and testimony from former agents and adjusters, the AAJ not only evaluated the state of the industry as whole, but also identified the worst culprits when it comes to claim denials, premium increases, and insurance refusal. The results of the report might surprise you.
Which Companies Made the List?
The following companies were named the worst insurers in America for denying claims, increasing premiums, and generally providing terrible service to their policyholders:
- State Farm
- United Health
- Liberty Mutual
If you have insurance with any of the above companies, you should seriously consider researching other providers and switching.
The State of the Insurance Company
Here are the conclusions the AAJ reached about the insurance industry as a whole:
- The industry is booming. The property/casualty and life insurance industries are raking in around $30 billion in profits every year, and the industry as a whole possesses assets totaling trillions of dollars. As the industry experiences rapid growth, so do the salaries of its top executives, who get annual checks of around $10 million.
- Yet claimants continually get lowballed. Today, the most powerful insurance companies are racing to push their profit margins higher and higher – and that means paying out fewer claims. All for the sake of the bottom line, the insurance industry as a whole routinely reduces, delays and denies claims.
- Policyholders cannot rely on insurance companies to protect their interests. Since insurance companies prioritize profits over policyholders, they cannot be trusted when they are needed most, which is why it is up to policyholders to know their rights and fight for the compensation that they are entitled to.
Insurance Companies Fear Us
At Wilshire Law Firm, our experienced and passionate car accident lawyers have been fighting against insurance companies on behalf of our personal injury clients for many years. We are expertly familiar with the tactics insurance companies use to weaken claims, and consequently we know how to most effectively counteract them so innocent victims get the compensation they need and deserve.
The Wilshire Law Firm name is so renowned that insurance companies often immediately raise their settlement offers when they realize that we’re their opponents. If you want a powerful firm on your side, contact us today. Our number is 1-800-52-CRASH. We offer FREE consultations.