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Top 10 Worst Insurance Companies – New Report From the American Association for Justice

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Insurance giant Allstate leads the top 10 list of worst insurers in the country, according to a comprehensive investigation of thousands of legal documents and financial filings by the American Association for Justice (AAJ), a national trial lawyers group. According to this article, the group based this top 10 list on what it calls “a distinct pattern of industry greed” among these insurance companies that do what they can to avoid paying claims, play hardball with consumers and put profits over the welfare of their policy holders.

According to AAJ’s chief executive officer Jon Haber, Allstate “publicly touts its ‘good hands’ approach” but has privately instructed its agents to adopt more of a “boxing gloves” strategy against policyholders, making it near impossible for them to get claims paid. As for Allstate, the strategy is a gold mine – to increase profits, expand salaries for their executives — all at the expense of its suffering policy holders. The other top 10 worst insurers include: Unum, AIG, State Farm, Conesco, WellPoint Health, Farmers, Torchmark and Liberty Mutual – in that order from 2 to 10.

I commend our friends at the AAJ for releasing this valuable report and putting pressure on insurance companies to do their jobs. As a personal injury lawyer that is constantly working to help victims of auto accidents, I know how tough the process of negotiating with an insurance company can be. Be it medical insurance or auto insurance, if you have a claim stemming from an auto accident, you are in for a significant challenge.

Insurance companies are adopting more of a “hardball” approach to claims, systematically denying rather than approving them. They’re hiring high-powered consultants to increase profits and that rarely works to the consumer’s advantage. The fact is, insurance company ads tout that they are working for you, however, their high paid consultants have shown them ways to make more money by systematically denying and delaying all claims, regardless of validity.

My law partner, Brian Chase, and I are proud to be members of the American Association for Justice.

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  • Wendy

    Of course Allstate and State Farm are going to be at the top of the list when they are the top two companies in the United States to insure people! I am sorry but you are going to have bad experiences no matter where you are insured when you have bad people filing claims. People complain about how much insurance costs them but it is those same people that are out filing claims on every little thing they can. What do you think makes the cost of insurance go up!!! The more frivolous claims people file the more your insurance costs everyone!!! Its not that insurance companies are denying all claims just the stupid frivolous ones that they feel like people should be paying out of there pockets. Insurance is designed for major catastrophic claims. Not every little bit of roof damage you have…..

  • Anonymous

    If Allstate is the worse Insurance company in America .why are they still in Business? The Consumers have the power to say enough is enough and this greedy giant will soon be out when you jointly bad mouth their name.i can not pay a dime to these companies.they are not good for us and they should not take our money

  • Kirby Allan

    American Family screwed me over and I found out that they were on the list of worst insurers, after the fact, when it comes to claims.

  • Kirby Allan

    Insurance company’s among other devious businesses exist because the lazy American people aren’t using their God given brains to understand and be willing to fight government corruption.

  • Chris

    Ironically enough, Kirby Allan’s condemnation of copiers as parasites is a word-for-word plagiarism from “The Fountainhead” by Ayn Rand.

  • Nicole Ireland

    This is all so confusing to me. What then are the 10 BEST Insurance Companies and where can I find information on them?

  • John Bisnar

    Accepting that since Allstate and State Farm are the top two companies in insure people does not give them the right to be the worst at fairly paying claims.

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