Insurance Frauds Forum

You can trace our current financial turmoil to the Financial Services Modernization Act of 1999.

Read THIS link.

On November 4, 1999, Congress passed sweeping legislation that will dramatically reshape the financial services industry by removing barriers between banks, insurance companies, and investment firms which have existed since the Great Depression. President Clinton is expected to sign this historic legislation.

AIG: New Losses at A.I.G. Trouble Wall Street

From my lips to your ears...good riddance!

Next time you may want to listen to your (former) GAs about your company practices.

Click THIS link.

I was recently hired by some teachers in Florida to conduct a thorough review of their life insurance portfolios. After spending several hours examining the documents, I came across something that not only triggered the proverbial red flags but the red glare of skyrockets bursting against a night sky.

Here's the case:

Financial Services/Insurance Cults

It's true.

There are Financial Services/Insurance Firms out there that can only be described as cults.

These cults come in three (3) distinct sects.

Wow! thats so close a competition going around this forum!
Its nice to see Allstate, State farm, AmFam all getting screwed in a row..
Why on Earth did you guys miss Geico..anyone willing to share a Geico review??
Awaiting your responses before I'd share my own experience ahead..
PalinRome

Guys..its truly interesting to see so many people have expressed their grievances at this fraud forum.

It needs a lot of guts to stand against frauds & I'm amazed to see a couple of you have really done that. I still remember the day (Dec, 2003) that my fiance went on to see the American Family Insurance representative & got a car insurance policy for us.

It was quite a shock for me when our car got stolen after that. American Family seemed quite proactive to meet the claim initials as we were to shift from that place the next day.

Hi friends..your threads describing insurance frauds committed by 2 of the insurance giants have urged me to take up my pen & share with the community what I had encountered almost 2 years back.

Hi ALL..

My sincere thanx goes to Mr. T. Mcintosh for initiating the STATE FARM frauds..& giving me a lot of courage to pull up my views across a pvt. forum!

Some thing must have really gone wrong with the insurance carriers these days & ALLSTATE insurance company is no exception. What I perceive is that- the flood damages are covered under the National Flood Insurance Prog which is supported by the federal govt. & has subsidies in the form of tax-payers.

Hi, I'm the owner of a body shop in LA. I've been charged by Farmers insurance company to have formed a part of a scam aimed to deprive Farmers & its consumers worth quite a lot of money. I'm aware that there are a number of body shops forwarding fraudulent claims & looking for damages related to those frauds. But i'm sure I'd been honest & that could well be the beginning of trouble for me.

STATE FARM DOES NOT COMMIT FRAUDS!!!

Hi, I'm from Miss. I'm here to share what happened between State farm insurance company & me in April this year. Me & my wife have been Katrina victims & we had filed federal lawsuits against State farm as they tried to prove that our home damages were the outcome of the storm surge & hence credited us with a little over $36k.