Lilly, O'Toole & Brown Blog

10 Worst Insurance Companies

The American Association for Justice (AAJ) has a list of the ten worst insurance companies in America.

Topping this list - Allstate.  We've blogged before about Allstate, several times, so it comes as no surprise to us that the "good hands" people made it to the top of this list.

Others on the list were:

2.   Unum

3.   AIG

4.   State Farm

5.   Conseco

6.   WellPoint

7.   Farmers

8.   UnitedHealth

9.   Torchmark

10.  Liberty Mutual

The full report is worth reading, and gives a 2-3 page synopsis of why each insurer made the list.  Unfortunately, most insurance companies put profits over people and no longer deal fairly with their policyholders.  The American Association for Justice concludes with three policy reforms that would benefit insurance purchasers:

1.  Requires that all insurers work in good faith with customers.

2.  Establish an insurance consumer advocate.

3.  Require approval for rate increases.

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