The Worst Insurance Companies in America

Posted on October 13, 2008 by Christopher McKinney

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. Their final list includes companies across a range of different insurance fields, including homeowners and auto insurers, health insurers, life insurers, and disability insurers. 

Their ranking of the 10 Worst Insurance Companies in America came out as follows:

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

According to the report, one company stood out above all others.

"Allstate’s concerted efforts to put profits over policyholders has earned its place as the worst insurance company in America."

You can download the organizations entire report here.

 

 

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