Insurance companies for a long time have put profits ahead of their insured’s best interests. It seems to this experienced bad faith insurance lawyer that claim denial rates have been increasing to the point where government regulation of the insurance industry is more critical and necessary. It would be helpful for the average consumer to know the rate at which his or her selected insurance company denies claims when purchasing the policy. Most insurance companies do not release this information and they are not required to release this information by law.
To identify the worst insurance companies for consumers I suggest that one review The American Association for Justice report entitled “The Ten Worst Insurance Companies of America.” According the AAJ report, Allstate was named the worst insurance company in America. The report claimed “There is no greater poster child for insurance industry greed than Allstate.” The report further concluded that the company publicly touts its “good hands approach” while it privately instructs agents to employ a hardball boxing glove strategy against its own policyholders.