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Expect More “Deny, Delay, Defend” Tactics As Insurance Company Profits Decrease l Seattle Lawyer
The nation's property-and-casualty insurance companies have suffered a combined 53% decline in profits during the first half of 2008. Insurers' earnings dropped to $16 billion the first six months of the ear from $35 billion in the same period last year.
Industry wide, first-half premium revenue was down for the first time since 2005 while claims jumped by 13.6%, or $20 billion. Allstate, a division of Allstate Insurance Group reported a profit drop of $1.5 billion, more than any other insurer. The percentage decline was 61.5%.
So what does this mean to you, the insurance customer? It means that in the near future you will likely experience higher insurance premiums/rates and increased deductibles. If you are unfortunate enough to be in a car accident you can expect the insurance companies will be even more aggressive than ever when it comes to delaying, denying, and defending against claims.
Now more than ever it is important to be an educated consumer. Information is your greatest ally and most powerful weapon when dealing with insurance companies.
Make sure that you are buying the right kind of insurance coverage. You may want to read Buyer Beware - Things To Know About Insurance In Washington State, a free report that is available on our website.
If you are in an accident make sure that you are armed with knowledge about how insurance companies manage the claims process and tactics used by claims adjustors. Get your free copy of The Ten Biggest Mistakes That Can Wreck Your Washington Accident Case. This 90+ page book also includes information that will help you to determine if you need the help of an attorney or can handle your case on your own. You can order a copy on our website and we’ll mail it to you immediately.
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Television News Interviews With Chris Davis, Seattle Personal Injury Attorney
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| Legal Considerations For Pedestrain Accident Victims Interview with Seattle attorney Chris Davis |
What To Do After An Accident Chris Davis is interviewed on KING5's UpFront with Robert Mak |
Facebook Costing Accident Victims Thousands Chris Davis on Legal Broadcast Network |
Davis Law Group and attorney Chris Davis has been featured in news reports on these local and national news sources:
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FYI: Insurance bad faith claims in ...
