BeamaLife Blog

I came across this very interesting report over the July 4th weekend and thought I should share it with our readers. We mostly receive positive comments about companies, but we should be aware about the negative side as well. This is just for your curious reading–your feedback and actual experience with these companies will be highly appreciated.

To identify the worst insurance companies for consumers, researchers at the American Association for Justice (AAJ) undertook a comprehensive investigation of thousands of court documents, SEC and FBI records, state insurance department investigations and complaints, news accounts from across the country, and the testimony and depositions of former insurance agents and adjusters. Our final list includes companies across a range of different insurance fields, including homeowners and auto insurers, health insurers, life insurers, and disability insurers.

The Ten Worst Insurance Companies

1. Allstate
2. Unum
3. AIG
4. State Farm
5. Conseco
6. WellPoint
7. Farmers
8. UnitedHealth
9. Torchmark 
10. Liberty Mutual

http://www.justice.org/resources/AAJ_Report_TenWorstInsuranceCompanies_FINAL.pdf