A Message From Lucianne  




Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google

  Topic: Storm of Money: Insider tells how
some insurance companies
rig the system
Change your user profile.
If you are having trouble posting, please take the time to register.
Your User Name :
Your Password
  I forgot my password
Your Reply  :
Preview Reply     Post Reply
Storm of Money: Insider tells how
some insurance companies
rig the system

Post & Courier [Charleston, SC], by Tony Bartelme

Original Article

Posted By:Attercliffe, 12/2/2012 7:19:26 AM

Mark Romano gripped the steering wheel and tried to keep his car from swerving into another commuter on the busy Illinois tollway. “God, please don’t let me hurt someone,” he prayed. Dizzy again. These bouts of vertigo were barely noticeable at first, but something else was going on now. At night, he would lie in his bed, stare at the ceiling and watch everything twirl. In the morning, the spells came in waves during his commute to Allstate’s national headquarters in suburban Chicago. Stress? It was December 2007, and Romano was a senior manager at Allstate and its top expert

This is an important investigative piece for those millions who live in or near hurricane-vulnerable areas. It´s the kind of investigation newspapers used to do and the Post & Courier has done a great job. There´s an interactive map and search tools to help the consumer choose a fair insurance policy. When our deductible went up from $2,000 to $5,000 after Katrina--and we were in Charleston, SC--we began to wonder if we were paying for the mistakes made in New Orleans. This helps us find out.


Post Reply  

Reply 1 - Posted by: dr.lakerman, 12/2/2012 7:56:09 AM     (No. 9044110)

I was rearended by an underinsured driver, and suffered a back injury that I essentially ignored for about a year. When I finally had an MRI, the radiologist misread it. And when I finally went to a neurosurgeon, he took his pen and circled the location of the injury, which required spinal fusion.
After I had the surgery, my attorney (who I only sought out when the stature of limitations was running out in Pennsylvania) pursued the other company, as well as my company, since my underinsured/uninsured motorist coverage was involved. The other insurance company settled, and my company sent me to an orthopedic surgeon who specializes in providing expert testimony for insurance companies.
In the end, I had to threaten a lawsuit against my own insurance company for failing to engage in good faith negotiations. They settled.
A year later, I received a letter that I was covered under the lawsuit mentioned in the article. But in the end, my insurance company apparently was able to convince the administrator of the fund that my company did not use collosus, in calculating offers to me.

  Click Here if you Like this Comment

Reply 2 - Posted by: monique, 12/2/2012 8:18:53 AM     (No. 9044147)

bottom line - insurance companies are in it to make money. you bet that something bad will happen to you, you house, and/or your life and the insurance companies are betting that it will not. when insurance companies loss that bet and you claim a loss, rest assured that the insurance company will adjust your loss down to the least that they have to pay. it is not surprising that they have come up with a program to reduce payout and increase their profit.

  Click Here if you Like this Comment

   1  person like this.




Reply 3 - Posted by: Maybeth, 12/2/2012 8:35:53 AM     (No. 9044174)

And thus, it becomes understandable why Obama and Thuggery want to own the insurance industry. Government already controls AARP, which ´sold out´ on the senior citizens who built it.
.... ObamaCare will cripple many, and a lot of those folks were too ignorant to realize they were digging their own graves by giving this president their votes.

I have little doubt that this whistleblower and his family will lose everything after they are investigated by the IRS. This guy might even end up being a cellmate to the man whose film caused the murders of American citizens in Benghazi. s/o

  Click Here if you Like this Comment

   1  person like this.

Reply 4 - Posted by: MargaretM., 12/2/2012 9:29:25 AM     (No. 9044272)

My letter to Bartelme:

"I don´t use Facebook (too much personal information requested), but I did want to comment on your article about computerized software for claims settlements.

I believe that state regulators do keep a close eye on the ways insurers operate. Do insurers have an interest on keeping payouts low, you bet. As someone who was paying for health insurance by myself, I know about the sham of "reasonable and customary" claims payments -- yet I was glad to have coverage even at lesser satisfaction than I felt I deserved. Do claimants lie, too many do.

I can understand the companies preferring to deal with people without lawyers. Lawyers need to get their fees covered out of the claims paid, thus automatically inflating them . Further, the extra personnel time required to handle the extra paperwork, court times, is more costly for the companies. If the insurance companies can´t make money, then they can´t stay in business providing claims when needed.

All lawyers aren´t saints, insurers and their executives are not saints either. The tension between them and the regulators by the state keep most insurers honest enough for this imperfect world in which we live.

Mr. Romano shined some light on the process that caused him stress, but it´s still not clear to me that there was any wrongdoing in the "tuning." Leaving out excessively high and low payouts is probably wise if accuracy is desired in creating a computer program. There may be extraneous factors that created the outliers and including them might lead to false conclusions."

  Click Here if you Like this Comment

   1  person like this.

Reply 5 - Posted by: jorgecito, 12/2/2012 10:22:05 AM     (No. 9044343)

A complex issue. If you read the article, I don´t think you can come away from it believing that insurance companies are necessarily the evil, greedy corporations the Left loves to caricature.

Rather, insurers are an institution that is struggling to stay afloat. One reason they´re struggling is the ever-burgeoning load of government regulation. This article doesn´t really go there.

But this piece does make clear that a major reason insurers are struggling is the plethora of ambulance-chasing lawyers ... who advertise ceaselessly on television, luring dubious "clients" to join in frivolous "class-action" lawsuits.

My conclusion: If anyone is "evil" here, it´s the trial lawyers. (Who, as we all know, are 1%-ers who contribute hugely to Dems.)

  Click Here if you Like this Comment

   1  person like this.

Reply 6 - Posted by: oh-heck, 12/2/2012 11:02:02 AM     (No. 9044406)

When hurricane Ike blew through our neighborhood, some got new roofs, some got large scale repairs, and some got localized repairs. The difference often was which adjuster got sent out to look at the roof. Our adjuster never climbed onto the roof and missed 3 holes at shoulders in the roof. A later roof inspection found the holes which were fixed at our expense because the cost of localize repair was below the $1200 deductible. Insurance companies weed out the inspectors that replace the entire roof or fail to find real damage.

Government would hire these inspectors and demand a cut.

  Click Here if you Like this Comment

   1  person like this.

Reply 7 - Posted by: bob913, 12/2/2012 7:55:11 PM     (No. 9044996)

The insurance policy for floods has using light grey ink on a grey background in very tiny print....

"No payout if damage caused by water"

  Click Here if you Like this Comment




Reply 8 - Posted by: ColonialAmerican1623, 12/3/2012 5:14:49 AM     (No. 9045313)

Insurance companies also use CLUE.

Used to be said that downtown everywhere was owned by the big insurance companies.
It´s not just your premiums but their investments they count on. Think about their loses in this economy and your increased premiums.

With auto and homeowner´s it seems to be Use it and lose it. Isn´t that like extortion ?

All of these companies cry the blues about paying claims. No mention of actuaries who are suppose to determine premiums by the ´what if´ every policyholder had a claim on the same day ? They are suppose to have the money to pay you. Guess AIG didn´t have actuaries.

Everyone has the right to complain to their state insurance commissioner and hope they follow the law and your policy that is a signed legal contract.

  Click Here if you Like this Comment

   1  person like this.

Post Reply   Close thread 714070

Below, you will find ...

Most Recent Articles posted by "Attercliffe"


Most Active Articles (last 48 hours)

Most Recent Articles posted by "Attercliffe"

Six-month pregnant journalist taken to hospital
for treatment after pro-Kremlin political leader
ordered his aides to ´violently rape her´ during
press conference when she asked about*
Daily Mail [UK], by Will Stewart    Original Article
Posted By: Attercliffe- 4/20/2014 5:40:55 PM     Post Reply
A pregnant journalist is recovering in hospital today after a pro-Kremlin political leader in Russia told two male aides to ´violently rape´ her at a press conference. Nationalist Vladimir Zhironovsky launched his extraordinary tirade after reporter Stella Dubovitskaya asked him an innocuous question about sanctions against Ukraine. The founder of the far right Liberal Democratic Party began shouting wildly, before suddenly manhandling two young male aides towards the pregnant mother-of-one. He then shouted to them: ´When I say, you run to her and violently rape her.´ The parliamentary reporter, who is six months pregnant, is now being treated in hospital

Massive fire in Gibraltar shuts down
power and disrupts online betting
Daily Express [UK], by Cyrus Engineer    Original Article
Posted By: Attercliffe- 4/20/2014 12:56:03 PM     Post Reply
A huge fire in Gibraltar, caused by a fuel tank explosion, shut down many online betting services and disrupted gamblers during a busy day of sport. Residences near the blaze were evactuated following the fire, which broke out at around 1pm local time. The explosion occurred at Gibraltar´s main power station and the fire shut down much of the area´s electricity. Thousands of residents and tourists were left without power while firefighters battled the blaze. The fire was eventually brought under control at around 4.30pm local time. A Gibraltar Government spokesman said: "The fire is under control and there are no casualties

New accounts emerge of
Charge of the Light Brigade
Telegraph [UK], by Jasper Copping    Original Article
Posted By: Attercliffe- 4/20/2014 12:41:59 PM     Post Reply
Immortalised in Alfred, Lord Tennyson’s poem about the “valley of death”, the Charge of the Light Brigade is remembered as one of the most glorious defeats in British history. The documents overturn much of the established wisdom of the battle and provide clues as to how the calamitous attack, during the Battle of Balaclava, in the Crimean War, came to be accidentally launched. [Snip] The charge saw the light cavalry mount an assault into a valley flanked, on three sides, by Russians. Lord Raglan, overall commander of the British forces, had intended to send the Light Brigade to pursue and




The Scientific Community Is Plagued
by Western Self-Loathing – The
´Treason of the Intellectuals´
Breitbart London [UK], by David Archibald    Original Article
Posted By: Attercliffe- 4/20/2014 12:06:32 PM     Post Reply
What stops the Earth from looking like Pluto is energy from the Sun. The quantity and type of energy coming from the Sun varies over cycles that range up to 1,500 years long. The cycle we can see with our own eyes, in our own lifetimes, is the sunspot cycle that is normally eleven years long. [Snip] It has become established—for those who are willing to look at the evidence—that climate will very closely follow our colder Sun. Climate is no longer a mystery to us. We can predict forward up to two solar cycles, that is about twenty-two years into the future. When models of solar activity are further refined, we may be able to predict climate

Winter is Coming. And, Boy How
We´re Going to Wish We Still had
that Luxury Global Warming ´Problem´!
Breitbart London [UK], by James Delingpole    Original Article
Posted By: Attercliffe- 4/20/2014 12:00:45 PM     Post Reply
Of all the many absurdities of the great climate change non-crisis which has been pointlessly obsessing our planet this last three or four decades, surely the most egregious is this: global warming is good. No really, it is. As a few bold heretics--such as Australian geologist Ian Plimer in his book Heaven And Earth--have long been trying to tell anyone prepared to listen, the human species is designed for warmth not cold. Ice ages are something we should naturally fear; warming periods are something which for which we should yearn. All the historical evidence confirms this--that periods of warming

´Kind eyes and a mischievous glint´:
Photographer David Bailey unveils
his portrait of the Queen to mark
her 88th birthday tomorrow
Daily Mail [UK], by Sophie Jane Evans    Original Article
Posted By: Attercliffe- 4/20/2014 9:24:11 AM     Post Reply
With her twinkling eyes and beaming smile, it is hard to believe Her Majesty will mark her 88th birthday tomorrow. This portrait of the Queen, taken by celebrated British photographer David Bailey CBE, was released today ahead of the occasion. It shows the monarch smiling at the camera - while donning a pearl necklace, earrings and a brooch. Her jewellery is accompanied by a simple dress by Angela Kelly, who has served as the Queen´s personal assistant and senior dresser since 2002. The black-and-white photograph was taken at Buckingham Palace in March and commissioned on behalf of the Government´s GREAT

We must confront the
challenge of Islamism
Telegraph [UK], by Editorial    Original Article
Posted By: Attercliffe- 4/20/2014 9:10:05 AM     Post Reply
At least six Birmingham schools accused of harbouring a Trojan horse plot run by Muslim fundamentalists will be placed under special measures by Ofsted. The action is understandable. The unsubtle attempts to insert Islamist ideas--representing an extremist, politicised form of Islam--into the curriculum of those schools makes for frightening reading. Equally unsettling was the liberal establishment’s failure to correct it. According to a special report by the Education Funding Agency, radical Muslims have tried to take control of teaching by first taking control of school governorships. Excellent head teachers were either reduced to the status of figureheads or forced out

Most Active Articles (last 48 hours)

´America´s royal baby´: How Chelsea´s first
child could give Hillary Clinton a boost in
the polls if she runs for president in 2016

42 replie(s)
Daily Mail (U.K.), by Jessica Jerreat    Original Article
Posted By: Desert Fox- 4/19/2014 7:12:10 PM     Post Reply
For Hillary Clinton, having her own baby grandchild to kiss on the campaign trail, could be one of the biggest boosts to her possible presidential election campaign. Although the former Secretary of State and First Lady has not said if she will run in 2016, the arrival of her first grandchild will soften her image, analysts have said. While Chelsea only revealed her pregnancy on Thursday, supporters of her mother have already started cooing over a possible baby in the White House. With the Clintons having a near-royal status in the U.S., the announcement of a new arrival due this fall has sent




Barack Obama and the politics of lies
36 replie(s)
Washington Examiner [DC], by Editorial    Original Article
Posted By: StormCnter- 4/20/2014 5:45:25 AM     Post Reply
That was quite a victory dance President Obama did Thursday while claiming Obamacare is “working” because eight million people have now supposedly signed up for the health care program. He even indulged in some less-than-subtle mockery of Republicans - and by extension the majority of Americans who have disapproved of Obamacare since before it became law. "The repeal debate is and should be over,” Obama said, taking a dig at Republicans who are “going through, you know, the stages of grief … anger and denial and all that stuff …” But a president who is viewed by most Americans as less

White House asks American parents to
monitor their children for signs of terrorism

33 replie(s)
Daily Caller, by Eric Owens    Original Article
Posted By: StormCnter- 4/19/2014 5:50:04 PM     Post Reply
In a speech earlier this week, Lisa O. Monaco, President Barack Obama’s assistant for homeland security and counterterrorism, insisted that American parents must be vigilant because their “confrontational” children could be on the verge of becoming terrorists. Monaco’s full, prepared text is available here. She presented the speech, entitled “Countering Violent Extremism and the Power of Community,” at Harvard University’s Kennedy School of Government on April 15. Monaco began her remarks by eloquently describing the lives tragically lost last year during the Boston Marathon bombings. Interestingly, the Harvard grad failed to mention the religion or the motive of brothers Dzhokhar and Tamerlan

But Seriously, Just How
Slow-Witted is John Boehner?

32 replie(s)
American Thinker, by C. Edmund Wright    Original Article
Posted By: quantumman- 4/21/2014 7:22:21 AM     Post Reply
As he moves from lobbyists to the golf course, from press conferences to the tanning bed, he remains oblivious to all that is around him. He has power, incredible power, and yet to this day he has no understanding of the election that made it so. Moreover, all around him are astonishing opportunities for him to be an historic figure -- one who could and should be the man who did more than any other single person in turning back the red tide of Obama. It’s all there for Speaker of the House, and yet John Boehner manages to miss

Stop dressing so tacky for church
27 replie(s)
CNN, by John Blake    Original Article
Posted By: StormCnter- 4/20/2014 4:40:56 AM     Post Reply
If the Rev. John DeBonville could preach a sermon to lift the souls of churchgoers across America, his message would be simple: Stop dressing so tacky for church. DeBonville has heard about the “come as you are” approach to dressing down for Sunday service, but he says the Sabbath is getting too sloppy. When he scans the pews of churches, DeBonville sees rows of people dressed in their Sunday worst. They saunter into church in baggy shorts, flip-flop sandals, tennis shoes and grubby T-shirts. Some even slide into the pews carrying coffee in plastic foam containers as if they’re going to Starbucks. “It’s like

Wasserman-Schultz: Midterm Election
´Absolutely Not´ A Referendum on Obama

24 replie(s)
Cybercast News Service, by Susan Jones    Original Article
Posted By: Toledo- 4/21/2014 8:22:28 AM     Post Reply
"No, absolutely not," the November midterm election is not a referendum on President Obama and his policies, Democrat Party Chair Rep. Debbie Wasserman Schultz (D-Fla.) told NBC´s "Meet the Press" on Sunday. "[T]hese elections, particularly the Senate elections, are referendums on the candidates running," she said. Asked about vulnerable Democrats who have criticized President Obama´s flawed healthcare law, Wasserman Schultz said they are running their own race. "They have to talk about and focus on the issues that are important to their constituents. And what´s also true is, if you look at the success rate and the track record of



John Kerry’s Easter Message:
I’m ‘First Catholic Secretary of
State in 33 Years’

23 replie(s)
Cybercast News Service, by Terence P. Jeffrey    Original Article
Posted By: JoniTx- 4/21/2014 2:26:51 AM     Post Reply
In an op-ed published in the Boston Globe on Easter Sunday and posted on the State Department website, Secretary of State John Kerry recalled his days as an altar boy and pointed out that he is “the first Catholic Secretary of State in 33 years.” Alexander Haig, who served as secretary of state to President Ronald Reagan from January 1981 to July 1982, was also a Catholic. Last month, I traveled to Rome with President Obama, where I was honored to meet His Holiness Pope Francis,” said Kerry. “As an altar boy six decades ago, I never imagined that I


Post Reply   Close thread 714070

Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google

© 2014 Lucianne.com Media Inc.