Saturday, October 6, 2007

Secret documents reveal insurance companies do not want to pay out on claims - Thought everyone already knew this


SEATTLE - Insurance industry profits are up, but the amount of claims paid out is down.
Consumer advocates believe they can trace the trend to a secret set of business documents, started by a company Allstate Insurance hired years ago.
Those documents turned the insurance industry upside down. They're from a business consultant hired by Allstate to boost profits. The consultant suggested a new business model that critics say is now widely used to shortchange accident victims who file a claim. Full Story - Gent Magazine - Native Cigarettes - Lillian Vernon