One of our greatest Presidents was Abraham Lincoln.
Lincoln once said “You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.” It would be nice if the US Chamber of Commerce and the Big Insurance companies would remember his words.
They are going around the country trying to push legislation to “help out consumers” to regulate Consumer Legal Funding. All they are doing is trying to pass regulations that will do one thing and one thing only, to put the industry out of business.
When was the last time you saw an insurance company step up and say, “We are making too much money so let’s lower our rates we charge consumers”. By the way State Farm and Allstate made in profit over 3 Billion EACH, yes with a B, dollars last year.
In fact State Farm recently went so far in Indiana to have a consumer who challenged their claims process arrested and thrown in jail and then filled suit against him for insurance fraud and RICO (Racketeer Influenced and Corrupt Organizations), RICO is what the Government uses against organized crime.
Luckily the legal system worked, and State Farm now has to pay over 17 Million Dollars in damages to the consumer. Here is a link to the case information (http://www.benthamimf.com/docs/default-document-library/reuters-article-16-12-13.pdf?sfvrsn=2)
So next time you hear “Like a good Neighbor” or “good hands” remember your neighbors hands may be coming after you the next time you file a claim they don’t like.