Tricks of the Trade
INSURANCE COMPANY MISCONDUCT DOCUMENTED
The American Association for Justice has released a new report documenting insurance misconduct in health insurance, long term care insurance, disability insurance and other types of insurance. The report notes that insurance companies engage in "dirty tricks" and "unethical behavior" to boost their bottom line when consumers and customers have paid them premiums to buy peace of mind.
The report notes that some of America’s most well-known insurance companies–the same ones that spend billions on advertising to earn your trust–have endeavored to deny claims, delay payments, confuse consumers with incomprehensible insurance-speak, and retroactively refuse benefits to anyone who may cost them money. These companies also reward employees who successfully deny claims, replacing employees who will not deny claims, and otherwise encourages "outright fraud" to avoid paying claims.
To read the full report: http://www.justice.org/InsuranceTactics.pdf.
Posted by: on: Dec 29, 2009 @ 01:47
