The Worst Insurance Companies

What Are the Worst Insurance Companies?

http://www.arkattorneys.com/content/are-you-good-hands-what-are-worst-insurance-companies

According to a report compiled after six months of researching court documents, SEC and FBI records, state insurance department investigations and complaints, nationwide news accounts, and testimony of former insurance agents and adjusters, Allstate is the nation's worst insurance company for consumers. "The rankings show a distinct pattern of insurance industry greed amongst 10 companies that refuse to pay just claims, employ hardball tactics against policyholders, reward executives with extravagant salaries, and raise premiums while hoarding excessive profits," the American Association for Justice (AAJ) concludes.
The AAJ says the U.S. insurance industry collects more than $1 trillion in premiums annually, and has $3.8 trillion in assets, surpassing the Gross Domestic Products of all countries but the United States and Japan. The top offenders on the list:

#4. STATE FARM - CEO: Edward B. Rust Jr.; 2007 compensation, $11.7 million; 2007 profits: $5.5 billion; assets, $181.4 billion. "In many cases, the company has gone to extreme lengths to avoid paying claims, including forging signatures on earthquake waivers after the deadly Northridge earthquake, and altering engineering reports regarding damage after Hurricane Katrina."
http://www.arkattorneys.com/content/are-you-good-hands-what-are-worst-insurance-companies