PEMCO Insurance & Motor Vehicle Accident Claims
PEMCO Insurance’s state niche market is in what some in the insurance industry refer to as “preferred risk”– that is, policyholders who are least likely to have traffic tickets or car accidents, and who take proactive steps to protect their own property with safeguards like car alarms, smoke detectors, and deadbolt locks.
Bad Faith Claims Against PEMCO Insurance
PEMCO Insurance claims adjusters are on the insurance company's payroll, they are not there for you. It is their job to reduce payouts on claims or even to deny some claims altogether. Don't give any unnecessary information to the adjuster because they can use anything that you tell them against you.
PEMOCO Insurannce is notorious for defending against legitimate auto accident claims. They will do anything they can to reduce the settlement value. They may claim that your accident was 'not that bad'; that you are partially at-fault for the accident; that some or all fo your medical treatment was unnecessary; etc. And the company is well-known for for stalling the release of settlement funds until the absolute last possible minute.
These unethical claims processing practices have lead to numerous insurance bad faith lawsuits against PEMCO Insurance.
Lawsuits Brought Against PEMCO Insurance
Davis Law Group, P.S. founder Chris Davis is one of the most respected and recognized civil litigation lawyers practicing in Washington State. Davis Law Group has been named Best Injury Law Firm in Washington State by AI Dispute Resolution Awards.
If you or a loved one has been seriously injured in a motor vehicle accident in Washington State contact attorney Chris Davis and the team at Davis Law Group at 206-727-4000 to schedule your free legal consultation.
PEMCO Insurance Company Profile
PEMCO Insurance is an American personal-lines mutual insurance company based in Seattle, Washington. Its name is an acronym for Public Employees Mutual Insurance Company.
In 1936, Seattle schoolteacher Robert J. Handy took advantage of the newly legalized “credit union” concept to found Seattle Teachers Credit Union (now School Employees Credit Union of Washington). Handy is reputed to have started the credit union with $5 in capital. Out of that enterprise grew a group of seven different but related companies, the largest of which is now PEMCO Insurance. PEMCO has grown from premiums of $8,500 in 1949 to $322 million in 2006.
The current president and CEO of PEMCO Insurance is Stan W. McNaughton. He is the son of Stanley O. McNaughton, who was president from 1970 until his death in 1998.
PEMCO Car Accident Claims Customer Reviews
"My Lawyer went to Pemco to get my uninsured motorist compensation which I had paid into for 20 yrs.....Pemco said that there was no proof that the tear and buldge were caused by the accident and that my symptoms were from degeneration of joints from age. I am fed up with this attitude and opinion that I fabricated the injuries that I received from this accident that was not my fault. I will not let them collect my premiums any longer and am activily shopping for different insurance company, one that will believe my situation and be concerned about my needs. I want nothing more to do with them." -Posted on Yelp by Kristine J.
PEMCO Insurance Company Refuses To Pay Fair Settlement In Motor Vehicle Accident Claim
Are you an injured person that was involved in a serious accident in which either you or the at-fault has been covered by the PEMCO Insurance Company? If you have been left with no other option but to take legal action, it is critical to research how other people and organizations have successfully navigated insurance claims negotiations and settlements with specific insurance companies in order to achieve a just settlement or court outcome. Sufficient research will assist you in avoiding similar mistakes others have made when legally dealing with insurance companies. Research can provide insight as to which courses of action might affect the value of your settlement. It also helps highlight crucial legal strategies and avenues that have historically helped win lawsuits against major insurance companies such as PEMCO Insurance.
Is PEMCO Insurance Unwilling To Pay A Fair Settlement For Your Car Accident?
Insurance companies are famous for delaying the release of settlement funds until the last possible second. This questionable practice is implemented by an extremely high percentage of insurance companies. It is designed as both a money-making and a money-preserving technique. Major insurance companies usually have access to tens of billions of dollars due to high volume revenue and cash flow. Similar to banks, they invest these funds in order to amplify their profits. Even if they are required to pay a settlement, they will hold the money as long as legally possible in a leveraged effort to increase their own profits through the interest they earn on their investments.
In addition to delaying the disbursement of settlement funds, most insurance companies implement many of the following strategies to cut costs and generate profit:
Nickel and dime smaller individual clients with various charges with the knowledge they cannot afford to investigate their legal options.
Present clients with a very small initial settlement offer, as many policy holders do not realize they do not have to accept the insurance company’s first offer.
Wait until the last possible week to disperse funds, as some negotiations can last well over a year.
If you have sustained personal injuries that will be permanent, it is important to use an expert trial attorney.