Utah Car Accident Lawyer Reveals Insurance Industry Dirty Secrets
Insurance companies deliberately delay, deny, and defend
automobile accident injury claims in
Former insurance industry insiders have reported strategies implemented by many insurance companies to limit and deny legitimate claims in minor injury cases. As a result, insurance companies have reaped billions of dollars in profits. Have the companies passed on these profits to consumers in the form of lower premiums? Hardly. Premiums are as high or higher than ever.
Three elements were the focus of the strategy: delay, deny
and then defend the claims in court. The
insurance industry claims these strategies were not to be used against
legitimate claims, but only to fight fraud.
The individuals highlighted in CNN’s report, however, say
otherwise. Injured parties would be
forced to spend years and years in court in an attempt to resolve even small
claims. In my years of experience as a
The insurance industry has also fought a new
According to the story, in 2005, homeowner’s and auto insurance companies made a record 44.8 billion in profits, a 19% increase from 2004. The industry again made record profits in 2006, and continued to do well in 2007. Of course there is nothing wrong with making a profit, but doing so through dishonest practices on the backs of the injured is horrible.
For the complete CNN story, see:





I don't think that any one of us has not experienced the delay, deny and defend strategy of the insurance companies. The promises they make are so big and the money they make from premiums is outrageous. The added burden and stress involved in dealing with these insurance companies and premiums to get a claim processed is digging deep into our pockets and disturbing. Insurance is no good until there is a no questions asked policy. What you are covered for is what you should get. After all, we don't ask them to reduce our premiums if we never had an accident. Fraudsters are a part of their business. No terms or conditions on the behest of fraudulent activity should be thrust upon any policy holder.
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