Do Some Insurance Companies Deny More Claims Or Pay Less Than Others?
Another valid question. A few years ago, a lawyer’s group now know as the American Association for Justice, put out a fascinating publication called the ’10 Worst Insurance Companies in America’. [https://www.justice.org/…/AAJ_Report]
It’s a safe bet to say that most people know many insurance companies are massive, and profitable. It’s probably a safe bet to say that most people don’t really understand just how much money the major insurance companies actually make.
The American Association for Justice puts that figure at 30 billion dollars, annually, for US property/casualty insurers. [information from the Insurance Information Institute].
The profits are in part the result of earning more on investment income from those premiums collected than is paid out in claims and other overhead. Attorney Eric T. Kirk will tell you.
A seasoned Maryland car accident lawyer may play a vital role in assuring that your claim receives full compensation. According to the American Association for Justice, the 10 worst, in descending order are: Allstate, Unum, AIG, State Farm, Conseco, WellPoint, Farmers, UnitedHealth, Torchmark, Liberty Mutual. The results, and impressions, may vary from state to state, as not all carriers write business in every state, and some insurance companies write a disproportionate number of polices in a handful of states.
Insurance companies aggressively deny and defend claims. I have handled thousands over the years. Anyone who thinks an insurance company is acting in their best interests should at least get a second opinion. I extend a complimentary case analysis and opinion about their legal case to those that consult with me. Please call me today to arrange a meeting.
- Baltimore Personal Injury Trial Lawyer Eric T. Kirk
- Legal Analysis & Case Studies
- Baltimore Insurance Claims Denial Lawyer
For over three decades, I have battled against the nation’s largest insurance companies, always endeavoring to ensure my clients receive the compensation they deserve. As lead counsel in thousands of cases across Maryland, New York, and Florida, I have recovered millions for clients whose claims were wrongfully denied and delayed. Whether denying fair compensation for a personal injury victim or denying benefits to a homeowner, Insurance companies employ policy exclusions, technicalities, and lowball offers to deny and defeat claims. They also hire very good lawyers to fight you in court. So should you. When an insurance company unfairly rejects a claim, I stop them.
