State Farm settled to shut down the criminal investigation and avoid having its management put in jail. Sure, let\’s turn a blind eye to corporate wrong doing so your insurance rates don\’t go up? You\’ve got to be kidding me. You\’ve bought all that \”like a good neighbor\” propaganda. Name one other industry where the government makes it a crime if you don\’t buy their product. If your insurance rates go up, you have only your state insurance commissioner to blame. You\’ll probably be able to find him at some boondoggle paid for by the insurance industry. Wake up. Insurance Companies are the evil empire!
issue has nothing to do about whether or not coast residents had flood insurance or not. Even policyholders with flood insurance were denied wind claims. State Farm committed a criminal act (wait until all the evidence comes to light) Three Federal investigations are currently under way.
State Farm had a contractual obligation to investigate and differentiate the damage of the insured property. Instead State farm conspired to write new language not in the policy AFTER one of the worst natural disasters to hit these United States. While most executives of large corporations were sitting around their boardrooms trying to figure out how to get aid to the victims of Hurricane Katrina, State Farm executives were sitting around their boardroom drafting a NEW Wind-water protocol, (That’s their ticket to jail part) so they could deny legitimate claims. That is so hard to believe, but unfortunately it is true. So I ask everyone to please help me understand why would they do such a thing? Insurance companies made a profit of $46 billion dollars last year, Yes, Billion. That’s an 18% increase in profit over the most catastrophic year in history 2004 with four hurricanes in Florida. As testimony reveled in the Broussard’s case State Farm had listed on their balance sheet a category titled ” miscellaneous and unspecified ” the total was 3.7 Billion. It would have taken only a small percent of that total to pay those legitimate claims. Why would they do such a thing? Would their executives not have made their year-end bonuses? Why?
Posted by: Daughter for Justice |2007 11:15:08 PM
I have first hand experience that State Farm \”uses fraud\” to avoid paying claims. I am not surprised by this
I know alot of people lost their homes to Katrina, I am sorry for their loss. Whereas I lost my car from getting hit from behind from a policyholder of State Farm. It has been several months. No money, no rental car, no payment for my injuries. I am a widow and I have to work to support my family. Looks like they can collect the money..but won’t give it out when they are responsible. If they are, “like a good neighbor”….I’d hate to see my enemy!
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State Farm settled to shut down the criminal investigation and avoid having its management put in jail. Sure, let\’s turn a blind eye to corporate wrong doing so your insurance rates don\’t go up? You\’ve got to be kidding me. You\’ve bought all that \”like a good neighbor\” propaganda. Name one other industry where the government makes it a crime if you don\’t buy their product. If your insurance rates go up, you have only your state insurance commissioner to blame. You\’ll probably be able to find him at some boondoggle paid for by the insurance industry. Wake up. Insurance Companies are the evil empire!
issue has nothing to do about whether or not coast residents had flood insurance or not. Even policyholders with flood insurance were denied wind claims. State Farm committed a criminal act (wait until all the evidence comes to light) Three Federal investigations are currently under way.
State Farm had a contractual obligation to investigate and differentiate the damage of the insured property. Instead State farm conspired to write new language not in the policy AFTER one of the worst natural disasters to hit these United States. While most executives of large corporations were sitting around their boardrooms trying to figure out how to get aid to the victims of Hurricane Katrina, State Farm executives were sitting around their boardroom drafting a NEW Wind-water protocol, (That’s their ticket to jail part) so they could deny legitimate claims. That is so hard to believe, but unfortunately it is true. So I ask everyone to please help me understand why would they do such a thing? Insurance companies made a profit of $46 billion dollars last year, Yes, Billion. That’s an 18% increase in profit over the most catastrophic year in history 2004 with four hurricanes in Florida. As testimony reveled in the Broussard’s case State Farm had listed on their balance sheet a category titled ” miscellaneous and unspecified ” the total was 3.7 Billion. It would have taken only a small percent of that total to pay those legitimate claims. Why would they do such a thing? Would their executives not have made their year-end bonuses? Why?
Posted by: Daughter for Justice |2007 11:15:08 PM
I have first hand experience that State Farm \”uses fraud\” to avoid paying claims. I am not surprised by this
I know alot of people lost their homes to Katrina, I am sorry for their loss. Whereas I lost my car from getting hit from behind from a policyholder of State Farm. It has been several months. No money, no rental car, no payment for my injuries. I am a widow and I have to work to support my family. Looks like they can collect the money..but won’t give it out when they are responsible. If they are, “like a good neighbor”….I’d hate to see my enemy!