American Association for Justice Releases Study on U.S. Insurance Industry
The SunHerald.com reported that the American Association for Justice ("AMJ") recently released a report ranking the United States "worst" insurance companies based on factors such as: refusal to pay just claims, the company employs harball tactics against policyholders, rewarding of company executives with extravagant salaries, and the raising of premiums while stockpiling excessive profits.
Researchers for the AMJ spent six months gathering information to base the report on. According to the SunHerald.com, researchers used "court documents, SEC and FBI records, state insurance department investigations and complaints, nationwide news accounts, and testimony of former insurance agents and adjusters" to draw their conclusions.
The top five "worst" companies listed in the report are:
1. Allstate
2. Unum
3. AIG
4. State Farm
5. Conseco
