Friday, January 20, 2012

Is The Personal Injury Fraud Claims By Insurers A Rouse To Hide Corporate Profits

 For years personal injury insurance companies have been claiming fraud is getting more and more out of hand. Over the past several years, even with an incredibly poor economy we've seen companies like State Farm have record setting profits of $800 Million in 2009 and $1.2 Billion in 2010.

So with these claims come suspicion as to their motivation. Why would a company and an industry that's doing so well and so profitable claim fraud is killing their profits and causing greater losses to their company??

Profits. Pure and simple.

According to some, the claims of fraud are a "smokescreen to hide padded profits".

This wouldn't be the first time the public trust has been compromised, politicians in hand in order for corporate profits (anyone remember Fannie & Freddie??).

Read more in this great article entitled: Claude Hanuschak: PIP fraud is exaggerated

So when the politicians start with the TV and Radio ads blaming your local doctors and attorneys, remember this blog post and Claude's words... PIP Fraud Is Exaggerated; all because they want to charge YOU higher premiums!

5 comments:

  1. For years individual injury insurance plan businesses have been declaring fraud is obtaining more and more out of hand. So with these statements come suspicions as to their inspiration.

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  2. It's sad to hear those information but very true. Go get a good lawyer when you want a rightful personal injury compensation from your insurance company.

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  3. When you or a loved one has been injured wrongfully by the others. It time to contact at Fetterman & Associates for any legal help. We work in Palm Beach, West Palm Beach, Port St. Lucie, and other local communities. Call us today: 561-880-4610 to see how we can help.

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  4. Great post, protection data is where money should be spent! I agree. Not every website can afford responsive design. There are other things the money would be better spent on.
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