McKinsey & Company has been a major influence on insurance company claim processes over the last 25 years. We are following a Freedom on Information lawsuit brought against FEMA where McKinsey documents were requested and FEMA failed to produce them.1… Continue Reading
On December 13, 2011, The Huffington Post published an article all policyholders should read and heed. It is important to know how the insurance industry is making money by delaying claims and how it has shifted from a service industry to an industry that is driven by profit. It’s time for each state’s Department of … Continue Reading
It’s no secret that insurance companies are in business to make money, but the lengths some insurance companies go to in order to increase profits is alarming. In fact, dozens of posts on this blog have alerted our readers to the improper actions some insurance companies may take to put profit above their policyholders’ interests.… Continue Reading
In several of my older posts, I wrote about different ways some insurance companies have tried to make a profit by changing the way a claims handling department is operated. The following posts touched upon ways that claims handling employees can be compensated for meeting different types of goals set up by the insurer that, … Continue Reading
The LexisNexis Insurance Law Center Advisory Board released finalists for the LexisNexis Insurance Law Center Person of the Year awards for 2008. The Board invites commentary from visitors to their site through March 18, 2009. The list is as follows: Policyholder Attorney of the Year – the attorney who did the most in 2008 to … Continue Reading
National media articles have highlighted Ed Liddy’s appointment as the head of AIG during its unwinding. His task is a large one. A BestWeek article presents Liddy as a champion corporate strategist. The article quoted one person as saying Liddy was extremely "ethical." He may be, but my perception of Ed Liddy was shaped by his role … Continue Reading
The Florida First District Court of Appeal upheld the Florida Office of Insurance Regulation’s suspension of Allstate writing any new policies in an opinion issued last Friday. Allstate had refused or was slow producing documents to the Department as it investigated Allstate’s role in duping Florida legislators and regulators into passing legislation which should have … Continue Reading
The Tampa Tribune reported Friday that the Florida Department of Insurance is seeking McKinsey & Company consulting reports which are allegedly tied to an Allstate plan to underpay claimants. These documents are at the heart of contention in a Colorado case where Allstate is being fined for not providing them, and also in a Missouri Department of Insurance investigation where … Continue Reading
