News Category: Insurance Practices
| Insurance Practices, Social Security Disability
The Myth of the Frivolous Lawsuit
The insurance lobby and the U.S. Chamber of Commerce have spent more than $200 million on advertising that maligns personal injury attorneys and creates the myth that frivolous lawsuits are rampant. Unfortunately, cases like the $67 million pants lawsuit where a Washington, D.C. judge sued a dry cleaner for losing his favorite pair of pants, help keep the myth alive. Fortunately, there are people trying to tell the other side of the story. InjuryBoard has produced a video called "Mr. Fancy Pants," the first in a series that examines& ...
Read More | No Comments| Insurance Practices, Workers' Compensation
Strategies for reducing WC costs
The Small Business Blog offers some good advice on how employers can cut their workers' compensation insurance costs without eroding benefits. Among the options: Prevent workplace injuries and illnesses through employee training and reviews of high-risk areas. Shop around for the best insurance policy. Consider self-insurance.. Visit the blog for more on each topic. ...
Read More | No Comments| Insurance Practices, Workers' Compensation Fraud
SC Senate Democrat’s blog highlights insurance greed
Senate Democrat Leader John C. Lander III of the South Carolina talks about the shocking freedom that insurance companies have in establishing their premium rates for workers' compensation. How is it possible that they have gotten away with this gross advantage? More examples of how the insurance companies have distorted public perception of workers' compensation fraud. http://scsenatedems.blogspot.com/2007/03/workers-compensation-makes-insurance.html ...
Read More | One CommentMajor insurance companies have adopted a take-it-or-leave-it approach with people filing minor-impact claims.
This latest CNN article about the hardball insurance practices was sent to me by my listserv: http://www.cnn.com/2007/US/02/09/insurance.hardball/index.html As this article candidly explains, these auto insurance carriers are paying less and less on injury claims, but still continue to increase the premiums for their customers. Meanwhile the insurance companies continue to inundate the media with advertising that casts them in the role of helper and hero. The result is this: more and more jurors are coming to jury duty with the prec ...
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