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The AAJ released a report ranking the top 10 worst insurance companies in the US. These articles discuss how the report was created and what the individual insurances companies did to receive this dubious award.
Allstate and Florida Settle Insurance Feud
Allstate Insurance Company has settled a ten month feud with Florida insurance regulators concerning outrageous homeowners’ premium increases in the state. The insurance company has agreed to pay $5 million in fines and adhere to certain terms that prevent it from increasing premiums for at least one year.
Farmers Insurance Liable For $80M for Underpaying Oklahomans Over 13 Year Period
Farmers Insurance Group was found liable for $80 million to Oklahoma homeowners for underpaying insurance claims from 1994 to 2007. The lawsuit, which alleged breach of contract and bad faith, ended up costing Farmers a whole lot more than it would have paid in the form of punitive damages and litigation costs.
AAJ Names Ten Worst Insurance Companies in America
The American Association of Justice (AAJ) has named the ten worst insurance companies in America based on claim denials, premium increases and refusing insurance to those who need it most. So, who’s on the list? Some of the names – and what they did to make the list – might surprise you.
Allstate Ranked Worst Insurance Company in America
Allstate Insurance Company was ranked the worst insurance company in America by the American Association for Justice (AAJ). The title of worst insurance company in America is difficult to come by, so what did Allstate do – or not do – to earn that distinction?
Unum Group Named Second Worst Insurance Company In U.S.
The Unum Group, one of the nation’s leading disability insurers, has been named one of the ten worst insurance companies in America by the American Association of Justice (AAJ) for its long reputation of delaying and denying claims. In fact, Unum was number two on the list.
AIG Ranked Third Worst Insurance Company in America
AIG Insurance Company was ranked the third worst insurance company in America by the American Association for Justice (AAJ). Only Allstate and Unum ranked worse than AIG, the world’s biggest insurer, who has been accused of raising premiums after catastrophes and claims handling abuses.
State Farm Ranked Fourth Worst Insurance Company in America
State Farm Insurance, the largest property casualty insurer in the U.S., was ranked the third worst insurance company in America by the American Association for Justice (AAJ) for its denial and delay of claim payments. Only Allstate, Unum and AIG ranked worse than the insurer who refers to itself as a “good neighbor.”
Conseco Ranked One of Ten Worst Insurance Companies in America
Conseco, the Indiana-based long term care insurer, was ranked one of the ten worst insurance companies in America by the American Association for Justice (AAJ) for its denial and delay of long term care claim payments.
WellPoint Ranked One of Ten Worst Insurance Companies in America
WellPoint, the nation’s largest health insurer, was ranked one of the ten worst insurance companies in America by the American Association for Justice (AAJ) for its continual rescission of insurance policies.
Farmers Ranked One of Ten Worst Insurance Companies in America
Farmers, the nation’s largest health insurer, was ranked one of the ten worst insurance companies in America by the American Association for Justice (AAJ) for its claim handling practices in the auto and homeowners’ insurance industry.
Liberty Mutual as One of Ten Worst Insurance Companies in America
Liberty Mutual, one of the nation’s largest insurers for home, auto and life insurance, was ranked one of the ten worst insurance companies in America by the American Association for Justice (AAJ) for claims handling abuses and bid rigging allegations.
Torchmark Ranked One of Ten Worst Insurance Companies in America
Torchmark, a holding company for other companies who sell low cost burial, cancer and life insurance policies, was ranked one of the ten worst insurance companies in America by the American Association for Justice (AAJ) for its bad faith and discriminatory insurance practices.
UnitedHealth Ranked One of Ten Worst Insurance Companies in America
UnitedHealth, one of the nation’s largest health insurers, was ranked one of the ten worst insurance companies in America by the American Association for Justice (AAJ) for its bad faith insurance practices.
Allstate Ignored Claim - Must Pay $16M In Damages
A Missouri Appellate Court judge found that the Allstate Insurance Company acted in bad faith when it ignored a policyholder’s car accident claim for six months – then tried ...
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