Insurers Respond To Latest AAJ Report

The insurance industry quickly fired back against the AAJ's latest report on insurance company tactics, calling the report, among other things, "misleading". Blain Rethmeier, a spokesman for the American Insurance Association, adamantly denied the allegations. "If I'm not mistaken, a couple of prominent plaintiffs' lawyers have gone to jail in the last 18 months for their corrupt business practices," Mr. Rethmeier said. "Perhaps the trial lawyer's association might want to focus inward on its own ethics before commenting on others," he said.

David A. Sampson, president and CEO of the Property Casualty Insurers Association of America (PCI), said in a statement: “The evidence clearly demonstrates that America’s property-casualty insurance companies do the right thing for consumers when settling claims…It is important for Americans to know, in these trying economic times, that insurers are financially strong, and that policyholders can be confident that our members can, and will, pay their claims during their hour of need.” Read more.