Insurance Companies Can Be Very Hard To Deal With

So – it doesn’t matter how much you truly need. All that matters to insurance companies is how little they can get you to settle for. Allstate is one of those insurance companies – despite the fact that they are one of the largest insurance companies in the country. How bad is Allstate insurance? In the last decade, Allstate was the subject of investigation by the National Association of Insurance Commissioners for unfair settlements regarding bodily injury claims in over 45 states. After investigation, they were forced to pay a $10 million regulatory settlement.

Just how bad is Allstate? Allstate was once ranked as the worst insurance company in America by the American Association for Justice because they continually engaged in bad faith practices. In fact, it was the culture in the organization to deny and delay valid claims. Former CEO Thomas Wilson even admitted that they gave awards to adjusters who could deny the most insurance claims.

Unfortunately, Allstate’s behavior isn’t atypical and the majority of insurance companies behave in similar fashion. Their dedication is solely to their shareholders and they increase their own profits by denying or delaying claims to policyholders. In many cases, they work hard to reduce the payouts to policyholders by using aggressive “take it or leave it” approaches that are designed to pressure injured accident victims into accepting a settlement quickly. Sadly, when accident victims accept these settlements, its only a fraction of what they may need to recover.