Comments on: Allstate Fined $2.8M In Katrina Case

Jury Decides Insurance Company Owes Man Who Lost Home In Hurricane; Allstate Will Appeal

[omega39-2009]

I really dislike insurance. Im glad allstate lost!!! The good hands people?????
Posted by fedupwithit1

Fedupwithit, Allstate didn't lose, it's policy holders did.

I agree though, for profit insurance sux.

[swwils]

Okay so they have been fined,now take that money and pay it to the victims.Uncle Sam apparently don't need it they will just blow it on some dumb idea overseas.

[ov442]

Its been WELL known for decades, that insurance companies do everything in their power to refuse and delay claims by customers including packing documents with hidden fine print that was not mentioned, was marketed as the opposite, and was misleading.
Conseco just got into hot water after enough claimants perked the ears of the feds where the elderly were being screwed over by Conseco as well as other insurance agencies for cashing in on caretaking policies. They were pushed into buying these 'old age' policies that were designed to pay for assisted living care and and housing, and they just figured that, heck if they "lose the case files" or "deny claims" or use "delay tactics" of all sorts, they claimants that had paid for years would just die off.
Wow, such humanity.
Shareholders of these companies demand instant payoffs. The rich dont want sound investments.. thats all just marketed to the middle class or anyone below that with some money to invest. They rich want instant 20% or higher returns or they put all the pressure on they can. So the CEOs and management of these companies enforce the worst policies to acheive those goals, so they also can get rich. Thats it. Driven by stockmarket players.
I got my license to sell all forms of life, home, and auto insurance a decade ago and got out of it quick when i saw all the people that fed like vultures on the misfortune of others. I couldnt live with myself working for a living like that. The pressure was on from the top.

[billysmith6]

They ripped billions of dollars off homeowners. But fines won't help homeowners either.

Bush holding back support and *** up levies should be held personally responsible. He has billions of dollars now. Take it all!

[musty2u]

Awards like this only press insurers to reduce exposure in the gulf and coastal states. The "good fairy" of insurance moguls just can't come up with money like this and still please the stock holders.

[flolake]

AllSTATE? All Phooey.

[truthword]

Allstate is one of the biggest scams in the world, I had one of their drivers run a red light and total my car one time, they tried to give me peanuts for it, and I ended up going without a vehicle for almost 3 weeks in order to get what I rightly deserved for my car. Here's how I did it, forget about the jerk they set you up with to handle your case, his job is to severely lowball you, tell that jerk you want to talk to his boss, then tell the next jerk you want to talk to their boss, if the next jerk won't give you what you want, tell that jerk you want to talk to his boss and eventually you'll get someone that really doesn't want to deal with you that has the power to cut you a check.

[nothappyatall]

"657.00/year "

You paid $657 a year for home insurance??? that's over $7000 a year, in 10 years thats well over $70,000 you may as well stick that cash in an investment and take your chances.

[book54552134]

Many of these insurance companies are ripping the public off at a phenomenal rate. And 9 out of 10 are involved.
Residents of New Orleans, while they are among the most glaring examples, is only part of this huge institutionalized rip-off. People are being swindled by insurance companies everyday, all over the country.

[jpalliser]

I am glad the jury read through the legalese by Allstate's defence lawyers and awarded the the $1.5 million penalty. This is the only thing an insurance company understands, dollars!

I was an Allstate policy holder for approximately 30 years (in LA and TX), home demolished by falling trees. purchased a replacement home in June, 2006 and followed the agents recommendation and paid for the old homeowners until I purchased the new house. Allstate isssued the policy on the new home in June 2006. Guess what I got in them mail this week? Notice that Allstate was dropping windstorm and hail damage from the 2007 renewal. Reason given was the policy was under three years old, no mention of the faithful customer of 30 years, just go to Citizens and get wind and hail, goodby!

The State needs to get firm with Allstate and others, no cherry-picking (cars, fire and liability). This is wrong and is causing people to eavaluate wheather they want to stay in Lousiana.