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White Papers
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American Association for Justice
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Pattern of Greed 2006: How Insurance Companies Put Profits Over Policyholders
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It’s been a year since Hurricane Katrina swept across the Gulf Coast, leaving historic levels of death and destruction in its wake, and some in the insurance industry still haven’t made good on their promise to compensate area residents who find themselves near ruin. While the insurance industry enjoys record profits and bulging bank accounts, too many people are left waiting for the settlements that will help them get back on their feet. It’s no surprise. As this report relates, the insurance industry has made a practice of collecting billions of dollars from policyholders over the years and then stiffing them in their time of greatest need. Hurricane Katrina is just the most recent example
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Pattern of Greed 2006: How Insurance Companies Put Profits Over Policyholders (pages: 13)
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