In 2021, insurance companies collected over $1.3 trillion in premiums. So, these companies have almost unlimited financial resources with which to fight claims. Despite what TV commercials imply, an insurance company is never “on your side.” These companies make money when they collect premiums and they lose money when they pay claims. No business likes… Read more »
Posts Categorized: Insurance Disputes Attorney
For various reasons, the insurance claim denial rate has increased by almost 25 percent since 2016. The rise of cut-rate insurance companies might be the biggest factor. To many drivers, the cost is the only factor when they choose auto insurance companies. If insurance companies decrease their rates, they usually increase their denial rates to… Read more »
Insurance Companies Denial Of Claims In 2019, American insurance companies collected more than $630 billion from property and casualty insurance premiums. So, these companies have plenty of funds with which to pay claims. However, insurance companies only make money when they collect premiums. They lose money when they pay claims. Many insurance companies care little… Read more »
In Illinois, a driver is required to carry auto liability insurance for providing compensation to people who are injured because of their negligence. Despite of this fact, many drivers either have no insurance or inadequate insurance to cover for the damages that they have caused to others in an auto accident. If you are involved… Read more »
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