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Featured News
Insurance Claim Delays Deliver Massive Profits To Industry By Shorting Customers
Huffington Post 12/13/2011
Tom Wilson, CEO of Allstate, earned $9.3 million in 2010.
WASHINGTON -- Unlike many other businesses, the insurance industry is bound by law to act in good faith with its customers.
Because of their protective role in the lives of ordinary citizens, insurers have long operated as semi-public trusts.
But since the mid-1990s, a new profit-hungry model, combined with weak regulation, has upended that ancient social contract.
"Claims has been converted into a money-making process," said Russ Roberts, a New Mexico-based management consultant and
former business professor at Northwestern University who has studied the insurance industry's evolution from a service
business to a profit-driven machine....
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Nine insurance resolutions to make for 2012
By Gina Roberts-Grey, InsuranceQuotes.com
When the clock strikes midnight on New Year’s Eve, what promises will you make to yourself? Lose weight? Quit smoking? Find a new job?
Experts say you can make some insurance resolutions that will help 2012 get off on the right foot. They might even save you a few bucks
— perhaps addressing a New Year’s resolution to save money...
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