Insurance Companies as "fiduciaries" are required by law to practice "Good Faith".
Many Insurance Company Presidents and CEO's have declared that they have taken the "Good Faith" doctrine and replaced it with a higher doctrine referred to as "Utmost Good Faith". "Good faith" more or less, basically means that Insurers are bound to treat their Policyholders and Claimants as if they would treat their own family! "Good Faith" also means that Insurance Policies, which are considered contracts between Policyholders and Insurers, are also held by law to a much higher level of performance by Insurance Companies than regular personal or business contracts. In other words, "Good Faith" also means that Insurers are held to a much higher level of performance by law when it comes to the payment of claims. Yet, Bad Faith Insurers relationships and actions towards claimants which are supposed resemble those as if they were family, exceed those of the worst dysfunctional families. These Companies, 'illegally', not only put their own profits first before their Insureds, but aggressively abuse and misdirect their power as they engage in all out battle tactics with the Policyholders, literally treating them as the enemy when they make a claim ... rarely conducting a fair and thorough investigation as required by law and in general only investigating ways to deny payment of a claim. Their highly paid lawyers knowingly in many cases use the legal system to perpetuate the abuses as well as cover-up their Insurance Company clients deceptive Bad Faith activities in order to substantiate their high rates and fees .
Many of our country's largest Insurance Companies are resorting to "Bad Faith Claim Settlement Practices" as standard operating procedure especially where they feel they can get away without having to pay a claim or where it is more profitable to deny the claim and have one of their many lawyers and law firms fight rather than pay the Policyholder's legitimate claim in a timely manner! The Bad Faith Insurance Companies and their high paid lawyers are good at it, no ... great at it. Its no secret ... they've had plenty of time and practice over the years to get it right. If you don't believe it, just ask any of the several hundred thousand plaintiff insurance attorneys and licensed public adjusters across our nation who do nothing else than represent and fight every day for claimants and policyholders, (people no different than yourself), against Bad Faith Insurers. They will tell you about the extensive and rapidly growing number of occurrences of Bad Faith actions and abuses, common in the everyday practices of many of the Insurance Companies in the Insurance Industry today.
Recently, the media more and more are exposing examples of the growing number of bad faith insurance cases, many of which have involved health insurance. The bad faith nature of the cases have been so egregious that it is obvious that something needs to be done now to stop these rapidly growing and excessive abuses by these bad faith insurance companies. Unfortunately, bad faith insurance is not limited to health insurance. Bad faith insurance companies operate in all sectors of insurance (health, auto, home, property & casualty, life, etc.) and number amongst the largest Companies and most powerful Institutions in the United States... FBIC, (Fight Bad-Faith Insurance Companies)
Truth and Justice will prevail! Promote it for all you are worth, or your worth will be nothing!
Please don't believe "You're in Good Hands", or that "A Good Neighbor" will deliver "A Piece Of The Rock", if you buy their Insurance!
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