The American Association for Justice, a professional association of trial lawyers (i.e., people who sue for a living), has named what it calls the Ten Worst Insurance Companies in America. Although this comes out at the height of the debate about health care, this paper is looking at insurance coverage in general, not just health insurance:
To identify the worst insurance companies for consumers, researchers at the American Association for Justice (AAJ) undertook a comprehensive investigation of thousands of court documents, SEC and FBI records, state insurance department investigations and complaints, news accounts from across the country, and the testimony and depositions of former insurance agents and adjusters. Our final list includes companies across a range of different insurance fields, including homeowners and auto insurers, health insurers, life insurers, and disability insurers.
Who’s No. 1? Well, let’s just say those hands you’re in may not be as good as you think.
Obviously, trial lawyers aren’t exactly the most unbiased source of information on this subject, and although the gathering of information and documentation might have been scrupulously factual, “worst” is still at least partially a judgment call. But take a look at the report and see what you think.
Of the four companies that handle our family’s various insurance needs, only one is on the list, I’m happy to say.
(h/t: Valerie)
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