
The American Associaton for Justice has listed Allstate as the worst insurance company in the United States.
Allstate has achieved this dubious honor by raising premiums, denying claims and refusing to provide insurance to those who need it most. The Association looked at documents from all over the United States, including court documents, SEC records, news accounts and also spoke to former insurance agents and adjusters.
The Association listed the worst ten offenders, but Allstate stood above the crowd. With profits of more than $4.6 BILLION in 2007, Allstate has found a way to delay and deny claims that other insurance companies can only look on in envy. As an example, in the wake of Hurricane Katrina, the Louisiana Department of Insurance received almost twice as many complaints about Allstate’s adjusting policies (1,200) as the next offender, State Farm (700).
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