Report on worst insurance companies released
Tuesday, July 15th, 2008
The American Association for Justice released a report last week listing the nation’s worst insurance companies for consumers. Allstate topped the list of insurers who refuse to pay just claims, employ hardball tactics against policyholders, reward executives with extravagant salaries, and raise premiums while hoarding excessive profits, followed by Unum and AIG. The report was compiled using information from court documents, SEC and FBI records, state insurance department investigations and complaints, nationwide news accounts, and testimony of former insurance agents and adjusters.
