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Posted by Bob Richardson on April 03, 2000 at 10:29:39:
In Reply to: Re: Misinformed Public posted by Jon on September 02, 1999 at 08:33:29:
The real problem is unequal bargaining power. Our state (Georgia) has an insurance commmissioner who gets hundreds of thousands of dollars from insurance company interests. One would have to admit such largess might cloud one's judgment.
When insurance companies in league with the Chamber of Commerce and other big business interests can propagandize the public and provide limitless funds to avoid even the most legitimate of claims without fear of retribution, there will be a basic unfairness in the claims settlement area. Insurance companies want to force the public to rely on the fairness of their adjusters. While this will work if a claimant has the good fortune of getting an honest and fair adjuster, if the claimant is not so fortunate, there is no recourse in many states. If an insurance company acts inappropriately, it should be subject to an appropriate punishment. We are after all talking about people's homes, income, savings, self respect and ability to provide for their families. Serious stuff I would suggest.
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