Posted On: November 17, 2004, 7:23 pm CST

Posted By: steve desimone

it is time for the federal government to alter the policies of insurance companies in denying legitimate claims knowing the majority of consumers cant afford to fight in court.the legal fees outweigh the claim so the average consumer will think that it is not beneficial to proceed with litigation.wake up washington.insurance companies are using taxpayer money to fight paying insurance claims.they are in a no lose situation.the insured pays the premium,has a loss,insurance company denies claim using a loophole in the policy,especially under marine policies and then the insured must expend thousands to fight the denial in court,if the insured wins depending on which stae you are in the legal fees will outweigh the claim.meanwhile the insurance company raises premiums to make up for any lost profits.dont forget that 90% of claim denied insureds go away without collecting a dime because they cant afford to fight big brother.what a scam these insurance companies have.we need a federal law that will allow all courts to render punitive damages and attorney fees to insureds who are victorious at trial and then maybe the fraudulent insurance company business practices will stop.if florida a state that couldnt get its vote count right has adapted to this policy every state including new york should set precedent.