Tag

delaying claims

Insurance Industry Tactics

The U.S. insurance industry is an economic dynamo. It has trillions of dollars in assets, rakes in over $30 billion in profits annually, and pays its CEOs more than any other industry. But to boost their bottom lines ever further, many insurance companies seek to pay as few claims as possible, or the smallest amounts possible. Some may say that these tactics border on the “unethical”. One of the tricks of the trade is simply denying perfectly valid claims, or...
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