If you are insured by Allstate, Unum or AIG, you should be aware that your insurer has made the top ten list of worst insurance companies in America based on a study conducted by the American Association for Justice (AAJ). Researchers investigated thousands of SEC and FBI records, state insurance department investigations and complaints, news accounts, former insurance agents and adjusters’ testimonies and court documents.
According to the AAJ report, “The Top Ten Worst Insurance Companies in America,” insurance companies often put profits over policyholders. The report states that “the name of the game is deny, delay, defend—do anything, in fact, to avoid paying claims.”
The list of insurance companies includes homeowners and auto insurers, life insurers, disability insurers and health insurers. The company that was identified as the worst of them all was Allstate. In the report it states that Allstate’s approach to claims is “a combination of lowball offers and hardball litigation.” A former insurance adjuster with the company stated that they were instructed by supervisors to lie.
Ready for the list of the worst insurers in the country? Here you go:
1. Allstate
2. Unum
3. AIG
4. State Farm
5. Conseco
6. WellPoint
7. Farmers
8. UnitedHealth
9. Torchmark
10. Liberty Mutual
For information on how you can avoid becoming a victim of insurance company’s bad tactics, read our blog, “What You Can Do If the Insurance Company Becomes Difficult to Work With.”
