Wednesday, August 29, 2007

Pattern of Greed

Pattern Of Greed


A full two years after Hurricane Katrina, Gulf Coast policyholders are still fighting for fair and just resolution of their claims. The abuses of the insurance industry must not be forgotten. To ensure this, we have released a compelling new report, Pattern of Greed 2007 , which documents the insurance industryĆ¢€™s consistent practice of denying policyholders what they are due.

Read the Report

For decades, insurance companies have used questionable tactics to delay and deny the payment of fair and just claims to policyholders in their time of greatest need, putting profits ahead of fairness.

Financially devastated victims of Hurricane Katrina are left waiting for settlements while the insurance industry has demonstrated a clear pattern of greed with record profits. In fact, insurance companies continue to increase their profits, posting a record profit of more than $60 billion in 2006 Ć¢€“ an increase of $20 billion over their record profit of $40 billion in 2005.

Write a letter to the Editor telling the Insurance Industry to pay just claims

As long as the government fails to reign in the insurance industry, the courts will be the last resort for people to seek justice and ensure they receive fair compensation for their claims.

Demand that the industry clean up its act and pay fair and just claims. Urge your state officials to hold a public state hearing on the abuses of the insurance industry. Ensure that the insurance industry does not practice the same unfair practices should a natural disaster occur in your state. As insurers record massive profits using your hard earned money, the least they can do is fairly pay claims.

Demand that your State Officials hold the Insurance Industry accountable

Thank you,

The People Over Profits Campaign Team


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