Here I thought that because an insurance policy had been designed to cover a specific exposure, filed and accepted by the state insurance departments and ruled on by the courts, that it would be a legal product. Silly me, thinking that every contract should extend to whatever coverage you want, even if it wasn’t designed to cover that exposure and you never paid for covering that exposure. It’s only because insurance executives make too much money according to your post. You have no logic or common sense. I will not say all executives are moral people, that would not make sense. On the other hand, they are not all evil. You are a nut case.
To get your fact straight…its true that we all do not know the whole facts about the case, because lawyers procesutors and defense make verbal deal…not reveal to be read or written. So in response to dot_hemath comments..taking a phone call and passing on the information doesn’t deserve jail time…no way. But how long has this person being working at the insuranse company? Was that the only transaction he has ever done? what other deals and communication took place during his tenure at his company that he was a part of? Fraud is fraud no matter how you look at it. Stealing is stealing no matter how you look at it. Because someone or you boss tells you to do some thing wrong doesn’t mean you have to do it…let your conscience be your guide. How idiotic…he’s facing jail time for something he wasn’t a part of?…yeah right give me a break!!!!! Bottom line its all about greed.
‘It doesn’t matter how big a ranch ya’ own, or how many cows ya’ brand, the size of your funeral is still gonna depend on the weather.’ – Harry Truman.
……………………………………….
After President Truman retired from office in 1952, he was left with an income consisting of basically just a U.S.Army pension, reported to have been only $13,507.72 a year. Congress, noting that he was paying for his stamps and personally licking them, granted him an ‘allowance’ and, later, a retroactive pension of $25,000 per year.
When offered corporate positions at large salaries, he declined, stating, ‘You don’t want me. You want the office of the president, and that doesn’t belong to me. It belongs to the American people and it’s not for sale.’
Even later, on May 6, 1971, when Congress was preparing to award him the Medal of Honor on his 87th birthday, he refused to accept it, writing, ‘I don’t consider that I have done anything which should be the reason for any award, Congressional or otherwise.’
We now see that other past presidents, have found a new level of success in cashing in on the presidency, resulting in untold wealth. Today, many in Congress also have found a way to become quite wealthy while enjoying the fruits of their offices. Obviously, political offices are now for sale.
Good old Harry Truman could have been correct when he observed, ‘My choice early in life was either to be a piano player in a whorehouse or a politician. And to tell the truth, there’s hardly any difference. I, for one, believe the piano player job to be much more honorable than current politicians.’
‘It doesn’t matter how big a ranch ya’ own, or how many cows ya’ brand, the size of your funeral is still gonna depend on the weather.’ – Harry Truman.
……………………………………….
After President Truman retired from office in 1952, he was left with an income consisting of basically just a U.S.Army pension, reported to have been only $13,507.72 a year. Congress, noting that he was paying for his stamps and personally licking them, granted him an ‘allowance’ and, later, a retroactive pension of $25,000 per year.
When offered corporate positions at large salaries, he declined, stating, ‘You don’t want me. You want the office of the president, and that doesn’t belong to me. It belongs to the American people and it’s not for sale.’
Even later, on May 6, 1971, when Congress was preparing to award him the Medal of Honor on his 87th birthday, he refused to accept it, writing, ‘I don’t consider that I have done anything which should be the reason for any award, Congressional or otherwise.’
We now see that other past presidents, have found a new level of success in cashing in on the presidency, resulting in untold wealth. Today, many in Congress also have found a way to become quite wealthy while enjoying the fruits of their offices. Obviously, political offices are now for sale.
Good old Harry Truman could have been correct when he observed, ‘My choice early in life was either to be a piano player in a whorehouse or a politician. And to tell the truth, there’s hardly any difference. I, for one, believe the piano player job to be much more honorable than current politicians.’
WAKE UP nobody important… AND GET YOUR Get Your Facts Straight.
Given AIG’s recent collapse, Graham’s timing is nothing if not lousy. Because of the sham deal, AIG’s longtime CEO Hank Greenberg was forced to resign in 2005. Prosecutors said in court that Greenberg initiated the deal, though he was never charged. After AIG agreed to pay $1.6 billion to settle state and federal investigations into the fake deal, the company’s stock plummeted. Now, amid the financial crisis, U.S. taxpayers have had to bail out AIG with $122.8 billion in loans while AIG execs are being grilled in congressional hearings.
complaints with state insurance departments
Posted On: November 10, 2008, 8:03 pm CST
Posted By:
Comment:
GIVE US$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Posted On: January 4, 2008, 12:44 pm CST
Posted By:
Comment:
When there’s a disaster, the companies homeowners count on to protect them from financial ruin routinely pay less than what policies promise. Insurers often pay 30-60 percent of the cost of rebuilding a damaged home–even when carriers assure homeowners they’re fully covered, thousands of complaints with state insurance departments and civil court cases show.
Paying out less to victims of catastrophes has helped produce record profits. In the past 12 years, insurance company net income has soared–even in the wake of Hurricane Katrina, the worst natural disaster in U.S. history. Property- casualty insurers, which cover damage to homes and cars, reported their highest- ever profit of $73 billion last year, up 49 percent from $49 billion in 2005, according to Highline Data LLC, a Cambridge, Massachusetts-based firm that compiles insurance industry data.
The 60 million U.S. homeowners who pay more than $50 billion a year in insurance premiums are often disappointed when they discover insurers won’t pay the full cost of rebuilding their damaged or destroyed homes. Property insurers systematically deny and reduce their policyholders’ claims, according to court records in California, Florida, Illinois, Mississippi, New Hampshire and Tennessee. The insurance companies routinely refuse to pay market prices for homes and replacement contents, they use computer programs to cut payouts, they change policy coverage with no clear explanation, they ignore or alter engineering reports.
Subject Posted By Posted On
complaints with state insurance departments
clipper, you ask, “But how long has this person being working at the insuranse company? Was that the only transaction he has ever done? what other deals and communication took place during his tenure at his company that he was a part of?”
You are correct most of us who work everyday, and have families don’t understand all the facts of these cases. We simply are not close enough to these corps, or have time to do the research. But facts really don’t matter, because as some of you point out the crazies have taken over the asylum. I don’t for one minute believe anyone associated with any of these schemes will do credible time. Why, because the people who would prosecute them have too much of their own dirty laundry. They don’t want to see honesty become a trend!
Melanie posts on here often because she had a claim turned down. Why I don’t know, but her incessant rants about the insurance industry have no basis in fact. Her rants have a seriously unbalanced tone. Get off my back. Her rant has nothing to do with the topic and has everything to do with her nut case rants.
Never gonna happen, prediction, they’ll all walk, I think those clowns could take down congress, AIG failed because it invested in congressionally sanctioned federal loan policy.
So what is this law & 500 million bucks & what about all those banks that have lost more than 500 million bucks to institutionalized loan fraud?
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Here I thought that because an insurance policy had been designed to cover a specific exposure, filed and accepted by the state insurance departments and ruled on by the courts, that it would be a legal product. Silly me, thinking that every contract should extend to whatever coverage you want, even if it wasn’t designed to cover that exposure and you never paid for covering that exposure. It’s only because insurance executives make too much money according to your post. You have no logic or common sense. I will not say all executives are moral people, that would not make sense. On the other hand, they are not all evil. You are a nut case.
To get your fact straight…its true that we all do not know the whole facts about the case, because lawyers procesutors and defense make verbal deal…not reveal to be read or written. So in response to dot_hemath comments..taking a phone call and passing on the information doesn’t deserve jail time…no way. But how long has this person being working at the insuranse company? Was that the only transaction he has ever done? what other deals and communication took place during his tenure at his company that he was a part of? Fraud is fraud no matter how you look at it. Stealing is stealing no matter how you look at it. Because someone or you boss tells you to do some thing wrong doesn’t mean you have to do it…let your conscience be your guide. How idiotic…he’s facing jail time for something he wasn’t a part of?…yeah right give me a break!!!!! Bottom line its all about greed.
Harry S. Truman
‘It doesn’t matter how big a ranch ya’ own, or how many cows ya’ brand, the size of your funeral is still gonna depend on the weather.’ – Harry Truman.
……………………………………….
After President Truman retired from office in 1952, he was left with an income consisting of basically just a U.S.Army pension, reported to have been only $13,507.72 a year. Congress, noting that he was paying for his stamps and personally licking them, granted him an ‘allowance’ and, later, a retroactive pension of $25,000 per year.
When offered corporate positions at large salaries, he declined, stating, ‘You don’t want me. You want the office of the president, and that doesn’t belong to me. It belongs to the American people and it’s not for sale.’
Even later, on May 6, 1971, when Congress was preparing to award him the Medal of Honor on his 87th birthday, he refused to accept it, writing, ‘I don’t consider that I have done anything which should be the reason for any award, Congressional or otherwise.’
We now see that other past presidents, have found a new level of success in cashing in on the presidency, resulting in untold wealth. Today, many in Congress also have found a way to become quite wealthy while enjoying the fruits of their offices. Obviously, political offices are now for sale.
Good old Harry Truman could have been correct when he observed, ‘My choice early in life was either to be a piano player in a whorehouse or a politician. And to tell the truth, there’s hardly any difference. I, for one, believe the piano player job to be much more honorable than current politicians.’
‘It doesn’t matter how big a ranch ya’ own, or how many cows ya’ brand, the size of your funeral is still gonna depend on the weather.’ – Harry Truman.
……………………………………….
After President Truman retired from office in 1952, he was left with an income consisting of basically just a U.S.Army pension, reported to have been only $13,507.72 a year. Congress, noting that he was paying for his stamps and personally licking them, granted him an ‘allowance’ and, later, a retroactive pension of $25,000 per year.
When offered corporate positions at large salaries, he declined, stating, ‘You don’t want me. You want the office of the president, and that doesn’t belong to me. It belongs to the American people and it’s not for sale.’
Even later, on May 6, 1971, when Congress was preparing to award him the Medal of Honor on his 87th birthday, he refused to accept it, writing, ‘I don’t consider that I have done anything which should be the reason for any award, Congressional or otherwise.’
We now see that other past presidents, have found a new level of success in cashing in on the presidency, resulting in untold wealth. Today, many in Congress also have found a way to become quite wealthy while enjoying the fruits of their offices. Obviously, political offices are now for sale.
Good old Harry Truman could have been correct when he observed, ‘My choice early in life was either to be a piano player in a whorehouse or a politician. And to tell the truth, there’s hardly any difference. I, for one, believe the piano player job to be much more honorable than current politicians.’
WAKE UP nobody important… AND GET YOUR Get Your Facts Straight.
Given AIG’s recent collapse, Graham’s timing is nothing if not lousy. Because of the sham deal, AIG’s longtime CEO Hank Greenberg was forced to resign in 2005. Prosecutors said in court that Greenberg initiated the deal, though he was never charged. After AIG agreed to pay $1.6 billion to settle state and federal investigations into the fake deal, the company’s stock plummeted. Now, amid the financial crisis, U.S. taxpayers have had to bail out AIG with $122.8 billion in loans while AIG execs are being grilled in congressional hearings.
complaints with state insurance departments
Posted On: November 10, 2008, 8:03 pm CST
Posted By:
Comment:
GIVE US$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Posted On: January 4, 2008, 12:44 pm CST
Posted By:
Comment:
When there’s a disaster, the companies homeowners count on to protect them from financial ruin routinely pay less than what policies promise. Insurers often pay 30-60 percent of the cost of rebuilding a damaged home–even when carriers assure homeowners they’re fully covered, thousands of complaints with state insurance departments and civil court cases show.
Paying out less to victims of catastrophes has helped produce record profits. In the past 12 years, insurance company net income has soared–even in the wake of Hurricane Katrina, the worst natural disaster in U.S. history. Property- casualty insurers, which cover damage to homes and cars, reported their highest- ever profit of $73 billion last year, up 49 percent from $49 billion in 2005, according to Highline Data LLC, a Cambridge, Massachusetts-based firm that compiles insurance industry data.
The 60 million U.S. homeowners who pay more than $50 billion a year in insurance premiums are often disappointed when they discover insurers won’t pay the full cost of rebuilding their damaged or destroyed homes. Property insurers systematically deny and reduce their policyholders’ claims, according to court records in California, Florida, Illinois, Mississippi, New Hampshire and Tennessee. The insurance companies routinely refuse to pay market prices for homes and replacement contents, they use computer programs to cut payouts, they change policy coverage with no clear explanation, they ignore or alter engineering reports.
Subject Posted By Posted On
complaints with state insurance departments
clipper, you ask, “But how long has this person being working at the insuranse company? Was that the only transaction he has ever done? what other deals and communication took place during his tenure at his company that he was a part of?”
How is any of that relevant to THIS case?
You are correct most of us who work everyday, and have families don’t understand all the facts of these cases. We simply are not close enough to these corps, or have time to do the research. But facts really don’t matter, because as some of you point out the crazies have taken over the asylum. I don’t for one minute believe anyone associated with any of these schemes will do credible time. Why, because the people who would prosecute them have too much of their own dirty laundry. They don’t want to see honesty become a trend!
Melanie posts on here often because she had a claim turned down. Why I don’t know, but her incessant rants about the insurance industry have no basis in fact. Her rants have a seriously unbalanced tone. Get off my back. Her rant has nothing to do with the topic and has everything to do with her nut case rants.
A monkey could crawl out of my ***.
Never gonna happen, prediction, they’ll all walk, I think those clowns could take down congress, AIG failed because it invested in congressionally sanctioned federal loan policy.
So what is this law & 500 million bucks & what about all those banks that have lost more than 500 million bucks to institutionalized loan fraud?