insurance company aig
You may have heard stories of insurance companies jump through hoops to deny claims of their clients. Many of these stories seem too exaggerated, possibly be true. However, the fact of the matter remains that many insurance companies will stop at nothing to deny valid claims, all in an attempt to increase their own profit.
Insurance companies use different tactics in their attempts to avoid paying customers. One method they use is more cruel than delay payment. They know that if you wait long enough, many customers will become frustrated and eventually waive the payment due appropriate. This becomes an expensive game of chicken, with the loser forced to pay the bill. Too often, the client is innocent in the end to lose.
For if that were not enough, insurance companies have adopted this tactic to the lowest level of all time. Some providers of long term care insurance have gone so far as to delay payments to elderly, citing artificial and unwarranted justifications. The insurance giant that if you can take a long time, the policyholder will die elderly. This is not only immoral, but leaves the policy holder and family with a mountain of bills, all of which the company insurance must pay.
Delaying payment of the claim is not a common practice in the insurance companies. The Washington Post reported supervisors AIG admitted to taking excessive measures in attempts to avoid payment. These actions include delaying the payments until a year blockade of paychecks into the coffers, Documents and correspondence throw important.
Insurance companies use every trick possible to delay payment of the claim. In an article recently in The New York Times reporter Charles Duhigg discovered some of these techniques. According to the article, employees of Conseco, a provider of long-term care insurance, admitted intentionally wrong mailing forms to policyholders. Then, denies the claims, saying the documentation was inaccurate. Employees also try to state claims as "abandoned" if the insured did not submit the appropriate forms within 21 days. Conseco employees came even admitted to withholding of payments during such a long period of time that policyholders were the presentation of unnecessary paperwork.
Standing on a giant insurance takes a long time and unlimited patience. These companies are fully aware that they have the upper hand and will use all the methods that can meet with in order to delay and reject requests. Unfortunately, these tactics shadow out of the policy with the bill.
About the Author:
Kenneth L. Christensen founded The Christensen Law Firm, PLLC, a personal injury law firm in Salt Lake City, Utah. He specializes in car accident, dog bites, wrongful death and serious injury cases. Learn more about Mr. Christensen at http://www.utahpersonalinjurylawfirm.com
Article Source: ArticlesBase.com – Until Death Do Us Part: Insurance Companies Delaying Claims Until Policyholder Dies
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