Lake Naomi Topics: State Farm
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Name:
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Osms
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Subject:
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State Farm
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Date:
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2/14/2007 6:24:03 PM
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The spin being put on the hurricane story by the insurance industry is that homeowners are trying to get their insurance companies to pay for a house that was flooded; when only Fed flood insurance should pay. The real FACT is the insurance companies tried to avoid paying for WIND damage by falsifying engineering reports, hiding reports, destroying reports, firing independent claims adjusters, etc. Problem for State Farm is two claims employees turned state's evidence on them and turned in over 10,000 pages of documents to the State, Feds, and Congress that exposed what they were doing.
Most articles in newspapers imply that it's Mississippi state courts that have the poor little insurance companies in trouble, but it's not, it's the Federal Court and Congress. Grand juries also are looking into criminal activities by the corporate executives. I agree that other insurance companies may be guilty of many of the same things, but State Farm is currently under the gun.
I have no grudge with State Farm, never had any insurance with them, but I just can't see why anyone would want to do business with them. Do you think they would treat you better?
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