Get A Lawyer - Insurance Company Giants Deny Accident Claims To Increase Profits
In a recent story from Anderson Cooper on CNN, investigative reporters uncover a disturbing new “policy” by the Nation’s largest auto insurance companies, State Farm and Allstate.
If you are injured in a "minor" accident, the nations largest auto insurance companies will challenge your medical claims, drag out your claims process and offer only a fraction of your medical expenses.
Insurance companies have created a deliberate strategy of forcing people into court and dragging out court cases for months or years, to bankrupt the case as well as a nation wide PR campaign to paint insurance claims cases as fraud. Simply put- Delay, Deny and Defend. As in delay the claim, deny the claim and defend their position in court. The aim of the new assault on the American consumer is to both dissuade claims and make it too expensive for accident victims to get the compensation they have paid for from their insurance policies.
Furthermore investigative reporters from CNN have examined documents outlining the motive for the new aggressive strategy was blatantly stated: higher profits - not fighting fraud. In addition Allstate has been sued to make public the documents and Allstate has not complied with the judges ruling in at least two instances.
According to independent insurance industry analysts this new "get tough on fraud" policy has resulted billions in additional profits for the insurance companies yet premium rates have not been reduced for policyholders.
Allstate and State farm are both noted of being advised by an outside consulting firm McKinsey & Company to push for "pennies on the dollar" for valid accident claims.
By forcing policyholders into lengthy court cases for those injured in what the insurance companies call "minor accidents" they push injured accident victims in desperate need of money for medical bills to settle for a much-reduced amount.
If you have been injured in an auto accident – get the compensation you deserve and protect your rights. Hire an experienced Accident Lawyer to protect your interests from the insurance company’s greed.