U.S. Senator Trent Lott, R- Miss., wants to require insurers to disclose property insurance coverage and noncoverage in plain language on the front page of each homeowner’s policy and has introduced a bill giving the Federal Trade Commission enforcement authority to see this is done.
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“Insurance policies are notoriously hard to read and understand because they’re primarily written in complex legalese,” Lott said in introducing his bill. “While insurance is a legal contract, it also is a product purchased by consumers. That’s why I believe every insurer should include a plain-English description of a homeowner’s policy, prominently displayed on the policy’s first page.”
Allstate adjuster walks thru & around our home. Documents issues… this is a result of flood, this is a result of wind-damage” Goes back to Allstate… waiting for check… it never arrives… but they have conveniently ‘REASSIGNED” the honest adjuster. the next guy, “the closer” is ruthless. doesn’t care what the first adjuster says, he doesn’t care… tells us he doesn’t care and then offers us about $3000. This is about a $50K difference!!! Then I hear from other friends, neighbors, co-workers… All of the insurance companies are doing the same thing! Tell me they’re not in it TOGETHER!!
Insurance is a highly competive business with hundreds of companies. I would have to say that just like any business, there are incompetent or dishonest adjusters and posters, like on this site constantly. Would you conspiracy posters just use a little common sense and do a little research. Look at the complaint ratios for insurers with those state insurance departments that post them. The percentages are miniscule. These ratios include justified and unjustified complaints. Your complaints about vast conspiracies are just so much garbage. Your are entitled to your opinion, but are simply wrong. That’s my opinion.
HEY, Consumer Federation of America. Listen up! Overcharging is what our local publicly regulated utility does. Baltimore Gas & Electric with the assistance of the Public Service Commission and the State legislature has stolen millions from residential customers over the past decade. Recently they charged customers interest and fees on a rate deferment plan they forced customers to accept. More recently they offered discounts to customers who purchased compact florescent light bulbs and then charged every customer a monthly service fee to cover the expense of the program. Want more? They also collected $528 million in estimated stranded cost that were never realized and still haven’t repaid customers. Insurance Companies are not scamming customers…it’s our own Government!
no one wants to deny the Bush Cheney cronies a fair profit. But as well, give them an inch, and they take a kilometer. No wonder everyone I know hates this regime and can’t wait for it to come to its end. Hopefully. we’ll still have a middle class when they head back to Texas.
The only one that makes sense here is Richard and Scott. The other two are obviouslly liberals caught in a Conservative world..So typically they shoot off their mouth before engaging brain.
Lets stick to the topic at hand.
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U.S. Senator Trent Lott, R- Miss., wants to require insurers to disclose property insurance coverage and noncoverage in plain language on the front page of each homeowner’s policy and has introduced a bill giving the Federal Trade Commission enforcement authority to see this is done.
Advertisement
“Insurance policies are notoriously hard to read and understand because they’re primarily written in complex legalese,” Lott said in introducing his bill. “While insurance is a legal contract, it also is a product purchased by consumers. That’s why I believe every insurer should include a plain-English description of a homeowner’s policy, prominently displayed on the policy’s first page.”
Allstate adjuster walks thru & around our home. Documents issues… this is a result of flood, this is a result of wind-damage” Goes back to Allstate… waiting for check… it never arrives… but they have conveniently ‘REASSIGNED” the honest adjuster. the next guy, “the closer” is ruthless. doesn’t care what the first adjuster says, he doesn’t care… tells us he doesn’t care and then offers us about $3000. This is about a $50K difference!!! Then I hear from other friends, neighbors, co-workers… All of the insurance companies are doing the same thing! Tell me they’re not in it TOGETHER!!
They’re not in it together.
oR ARE THEY
Insurance is a highly competive business with hundreds of companies. I would have to say that just like any business, there are incompetent or dishonest adjusters and posters, like on this site constantly. Would you conspiracy posters just use a little common sense and do a little research. Look at the complaint ratios for insurers with those state insurance departments that post them. The percentages are miniscule. These ratios include justified and unjustified complaints. Your complaints about vast conspiracies are just so much garbage. Your are entitled to your opinion, but are simply wrong. That’s my opinion.
HEY, Consumer Federation of America. Listen up! Overcharging is what our local publicly regulated utility does. Baltimore Gas & Electric with the assistance of the Public Service Commission and the State legislature has stolen millions from residential customers over the past decade. Recently they charged customers interest and fees on a rate deferment plan they forced customers to accept. More recently they offered discounts to customers who purchased compact florescent light bulbs and then charged every customer a monthly service fee to cover the expense of the program. Want more? They also collected $528 million in estimated stranded cost that were never realized and still haven’t repaid customers. Insurance Companies are not scamming customers…it’s our own Government!
no one wants to deny the Bush Cheney cronies a fair profit. But as well, give them an inch, and they take a kilometer. No wonder everyone I know hates this regime and can’t wait for it to come to its end. Hopefully. we’ll still have a middle class when they head back to Texas.
Let us not forget how the oil companies are screwing us every which way from Sunday!
The CFA has never produced a legitimate study on the insurance industry. This is just more of the same old unsubstantiated drivel.
The only one that makes sense here is Richard and Scott. The other two are obviouslly liberals caught in a Conservative world..So typically they shoot off their mouth before engaging brain.
Lets stick to the topic at hand.