Tag Archives: claims

Report: Insurance Industry Overcharges, Underpays Customers

A report released Thursday by a consumer activist group accuses the insurance industry of overcharging policyholders and undercutting payments on claims. The report, released by the Consumer Federation of America, says that record profits for insurers can be traced to a systematic strategy of raising premiums, reducing coverage and underpaying claims. Virginia multi-state Lawyer Doug…

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“EVERYTHING YOU SAY…WILL BE USED AGAINST YOU” Taped and Writtten Statements and Insurance Companies

Insurance companies routinely pressure people into giving taped or written statements shortly after an accident.  Insurance claims adjusters know that injured victims are at their most vulnerable immediately after an accident.  They know that when the injured person is not represented, in pain, on strong medications, confused and unsure of their legal rights, that all…

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