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Insurance companies are more than happy to collect policy premiums for the entire life of a policyholder and then terminate the policy just when the policyholder actually needs it. This is especially true in the life insurance industry: When people get injured or elderly, they often forget to pay their bills. The insurance company... Read More »
By Gianelli & Morris Posted on May 02, 2022
Insurance companies are beholden to the policies they issue as well as to state and federal law. If a policyholder makes a valid claim under the policy, the insurer must pay out coverage in accordance with the policy terms. If an insurer refuses to pay, the beneficiary or policyholder can file an appeal and,... Read More »
By Gianelli & Morris Posted on April 22, 2022
Life insurance companies make their money by collecting premium payments, not by paying out on claims. This can lead them to look for any justification to deny a claim–whether that reason is justified or fabricated. Under certain circumstances, an otherwise legitimate claim can be legally denied. However, even if the life insurance company rests... Read More »
By Gianelli & Morris Posted on April 04, 2022
California law requires insurance companies to engage in “good faith and fair dealing” when evaluating policyholder and beneficiary claims. Insurance companies that violate the notions of good faith and fair dealing by engaging in underhanded tactics in order to deny or undervalue claims are liable not only for the amounts due under the policy... Read More »
By Gianelli & Morris Posted on March 22, 2022
Insurance companies are notorious for putting profits over people. Just about every major insurance company has been sued or otherwise complained about for rejecting valid claims, unjustifiable delays, bullying policyholders, paying less than the value of the claim leaving the policyholder responsible for paying the balance of claims to providers, and other unscrupulous conduct.... Read More »
By Gianelli & Morris Posted on March 15, 2022