Insurance Claim Bad Faith Information

NRMA Insurance Unworry - Policy Holder Rip Off Video

2009-12-31T12:46:00.008+11:00

This 7 News 'Today Tonight' video exposes Australia's biggest insurance company and their sneaky tricks to rip you off. But it's just the tip of the iceberg! We're told it's not third party claims alone, but a raft of other rip offs. With reference to your car, your largest investment, your home!

A bus load of customers are taken for a ride to the offices of IAG / NRMA. Said to be one of the tallest insurance buildings in Australia, by one of their customers. After they all waited for more than 40 minutes, for anyone in management to arrive.

Obviously the NRMA likes to show their true colours to the unwanted customers, the ripped off policy holders! Imagine having to wait 40 mins to sign up to a new policy! This same service would in fact serve us well, as we would only shop elsewhere and not be 'hood winked' into believing they were helping us to unworry! Most of these customers were unworried, until they had to make a claim with MRMA / IAG!

When investors become the main client of a business and the policy holder is treated as 'small fry' there has to be a problem on the horizon!

Watch the video and feel the same disgust as these customers do. How a business can show true show BAD FAITH, when it obviously just does not care about it's policy holders anymore! The sad truth is, that in some cases this business will often spend more money attempting to not pay a claim! The true colours of Australian Insurance Company Bad Faith.

NRMA shock @ Yahoo!7 Video

Are you still questioning whether this insurance business has your best interests at heart? Remember your car, your home, your rented property etc. are often the largest investments of your life. So why trust them with a business that could attempt to rip you off, at YOUR TIME OF NEED?

Do not forget to add your vote to The Insurance Bad Faith Award In Australia. Please forward this video to others, or direct them back to this site.

One of the angry NRMA customers who has not been able to live in his home since mid 2007, due to NRMA Insurance BAD FAITH, is Reny Deren. Read his full story here. View what his home looked like before the NRMA failed to repair the home within 18 months! And he's still no closer to being able to return to his home, that over time the NRMA Insurance Company has literally left to rot!

Insurance Claim Bad Faith Blogs

2009-08-11T23:16:00.003+10:00

Top 10 Listed Insurance Claim Bad Faith Blogs

Home Insurance Claim Denial - Find Clues!

2009-07-10T19:46:00.007+10:00

The CLUE Why Your Home Insurance May Be Denied!

Make Sure You Do Your Home Insurance Homework Before Buying Your Home!

You Need To Have A Clue As To Whether Your Insurance Company Will Insure Your Home!

The Last Thing You Want Is A Home Insurance Claim Denied!

The following excerpt is taken from an article, by Paul Banister of Bankrate.com.

CLUE is the Comprehensive Loss Underwriting Exchange, which tracks insurance-claim histories of both people and properties, and it can be a major roadblock on the highway to homeownership.

Home buyers who have never made a claim on their own policies are finding themselves being rejected for insurance coverage on the house they've just bought, because the house itself has a poor CLUE record.

If you can't get insurance coverage, you can't get a mortgage. Worse, if you pay cash for a house and then get turned down for coverage, you can find yourself between a rock and a hard place -- either paying excessive premiums to get your property protected or "going bare" with no insurance protection against a variety of perils.

"Buyers assume that because they have a good insurance history that getting a policy on their new home will be routine," says John Dixon, a Chicago real estate lawyer.

You might find, after closing, you can't get a policy, and you're in breach of your mortgage, which requires you to keep the property -- the lender's collateral, after all -- protected.

Visit Bankrate.com for the full report.

Our further investigation and your input, may provide an answer for our Australian readers, as to whether there is a similar database here in Australia?

Another great article on the CLUE database can be found on privacyrights.org. This website explains in detail the CLUE database, how to get a report and further tips for Insurance Consumers.

The CLUE Why Your Home Insurance May Be Denied!

Massive Insurance Fraud - Mistreating The Policyholder

2009-07-08T18:50:00.009+10:00

Massive Insurance Fraud - Mistreating The Policyholder.

An excellent video by Thomas Gober, a Certified Fraud Examiner & Forensic Accountant, scores 10/10! For its description of what is going on behind closed doors in some Insurance Companies, to the detriment of it's own policy holders!

A true 'Bad Faith' video taken from a collection on Thomas's site Big Insurance Fraud. Thomas clearly expresses the concerns he has that policyholders have lost their ability to get their claims paid. Thomas has over 20 years of professional experience working in his field, and what he has to say is based on direct experience with the insurance industry.

Other videos on Big Insurance Fraud describe in more detail, insurance company accounting fraud and how big insurance companies, "cook the books" to improve their bottom line. Somehow, further managing to hide it from regulators!

No need to say that it does not matter where you are, nor what kind of insurance you have, you need to be aware you may be running a risk with your insurance provider!

Need the Forensic Accounting Services of Thomas Gober? Visit www.tgfas.com.

Massive Insurance Fraud - Mistreating The Policyholder

Bad Faith Tweets On Twitter

2009-07-07T18:08:00.008+10:00

Bad Faith Tweets On Twitter.

The Latest 7 Tweets On Bad Faith.

Bad Faith is a 'Hot Topic' on Twitter. The following 'tweets' are just a snapshot of what is being talked about and shared.

Use the tweets to find help, information and legal representation.

For a complete realtime listing of Bad Faith tweets, click on the 'subscribe button' at the end of this post.

Bad Faith Tweets On Twitter

Insurance Litigation Tweets On Twitter

2009-07-07T17:30:00.014+10:00

Insurance Litigation Tweets On Twitter.

Latests 7 Tweets On Insurance Litigation.

Insurance Litigation is a 'Hot Topic' on Twitter. The following 'tweets' are just a snapshot of what is being talked about and shared.

Use the tweets to find help, information and legal representation.

For a complete realtime listing of Insurance Litigation tweets, click on the 'subscribe button' at the end of this post.

Latest Twitter Tweets On Insurance Litigation

Insurance Bad Faith - 7 Must See Videos

2009-07-06T12:32:00.008+10:00

Insurance Bad Faith - 7 Must See Videos.

No-One Should Be Allowed To Destroy Your Dreams Through Bad Faith! - Keep Your Dreams Alive! - There Is Always Help Around The Corner! - You Just Need To Find It!

Nobody wants to have to face Bad Faith practices from their Insurance Company. A reality check though proves it is not uncommon.

Awareness Is The Key To Winning This Game!

The more you know, the better your outcome. The videos included here are all are sourced from FBIC - Fight Bad-faith Insurance Companies. This US based organisation is by far one of the best online resources for all information needed, when creating a case against Insurance Bad Faith practices.

View "Dangerous Liaisons", an investigative video revealing 'behind the scenes' and examples of covert illicit dealings by state DOI Commissioners. In this case involving former California DOI Commissioner Chuck Quackenbush. Six major insurers regarding California's 1994 Northridge earthquake victims claims, which to this day because of these dealings many claimants have yet to be properly compensated. Click here to view (NBC Dateline)

View an undercover investigative exposé called "Allstate" involving the Allstate Insurance Company. This video reveals another example of insurers committing illegal bad faith insurance practices, advising claimants not to hire an attorney. Click here to view (ABC News Primetime)

View an "Eye On America Investigation" report. A home policy holder who made a claim on his homeowners policy to his insurer, State Farm. See the price the policyholder paid as a result for making the claim. The video exposes the little known and secretive "big-brother-like" insurance industry database system C.L.U.E. (Comprehensive Loss Underwriting Exchange). This system maintained by the industry is purported to contain "all" information on policyholders, as well as each and everyone of us. Find out about it and view it here. Click here to view (CBS Evening News)

View an investigative exposé called "Breaking The Mold" regarding a homeowner policyholder and toxic mold claimant, revealing examples of the bad faith insurance claim practices by numerous bad faith insurers, in this case Farmers Insurance, and the damaging effects on the family. Click here to view (CourtTV)

View this much talked about and perhaps best known Emmy award winning investigative exposé, called "The Paper Chase" which reveals an example of an illicit system designed allegedly to deny claims, in this case a myriad of fraudulent IME bias and medical paper review schemes, deceptive and illegal bad faith insurance claim practices by insurer, State Farm. It is viewed in four parts. Click to view each Part one at a time. Each Part is about 15 minutes in length. Click here to view: Part 1, Part 2, Part 3, Part 4. (NBC Dateline)

View the investigative segment called "Benefit Of The Doubt" which reveals and exposes examples of the illegal mass denial of claims and fraudulent bad faith insurance claim practices in this case by the country's largest disability insurer, UnumProvident. Click here to view (NBC Dateline)

View an investigative exposé called "Did Insurer Cheat Disabled Clients" which reveals and exposes examples of patterns of illegal practices and the fraudulent mass denial of claims actions taken by the country's largest disability insurer, UnumProvident, against insured disability claimants. The exposé includes interviews and admissions attesting to the alleged pattern of illegal actions taken by employees in response to pressure by the Insurance Company to deny claims as well as testimony and further confirmation by the Insurer's former medical director as to the Company's repeated bad faith insurance claim practices and mass denial of claims policy. Click here to view (CBS 60 Minutes)

FBIC has an excellent Resource Directory including press releases, attorneys articles, videos and tips / advice on what to do, when you are / have been shown no Good Faith by your Insurance Company.

Whilst most of the information is US based, concepts and proven strategies can still be taken on-board, to fight the Bad Faith Insurance here in Australia.

Insurance Bad Faith - 7 Must See Videos.

Insurance Bad Faith Australia Award - Vote Now

2009-07-05T12:48:00.005+10:00

Insurance Bad Faith Australia Award - Vote Now

If you have suffered Insurance Bad Faith, now you have this blog to have you say! Help others be aware by getting your story out there on the world wide web!

Vote now and nominate an Australian Insurance Company for the Insurance Bad Faith Award.

How Do We Make This Award More Public?

What Would You Offer The Winning Company As A Physical Award?

Your input as usual is welcome. The best ideas to be posted online!

Insurance Bad Faith Australia Award - Vote Now

Insurance Companies Send Homeowners Into A Spin

2009-07-05T01:39:00.008+10:00

Insurance Companies Send Home Owners Into A Spin!

SPIN IS MAXIMISED in the world of Home Insurance information these days! Promises made by some of the larger Insurance Companies seem to have more spin than a Wind Farm!

As if we don't have enough problems, with excessive Climatic Change! Lets take a look at what could be described as, Spin Doctor Specials! If such Good Faith really is offered by large Insurance Companies, it raises the question of why Bad Faith occurs in the courts so often! Do we need more regulation in the Insurance fraternity?

You decide whether these 'marketing statements' are truly being carried forward into the world of reality. If such statements really are Not True, send us your stories. A quick Google search of promises made by Australian Insurance Companies, provided the following results:

AAMI - Major damage to your home, or the complete loss of your home, can be devastating. At AAMI, we are committed to relieving your stress and helping you return to normality as quickly as possible. AAMI has access to expert teams of builders and contractors who can be onsite to help you almost immediately.

NRMA - Whether you're renting, paying off a mortgage on your house or unit, or even a landlord or strata title holder, the place you call home sweet home should never be anything but a comfort. That's why we've made insuring your home and contents easy - with fast, hassle-free claims and great rewards and benefits, including flood cover. NRMA Home Insurance even offers a free 24/7 Helpline - so you can spend time enjoying your home, not worrying about it. Get an online home insurance quote today and remove the worry.

ING - With ING’s Home Insurance you won’t need to worry about whether your sum insured is enough. With Full Building Replacement cover, we will guarantee the full replacement of your home if it is destroyed by an event covered under this policy, regardless of cost. So even if prices go up and it costs more to rebuild than your sum insured, we will still pick up the bill.

GIO - When you insure your Home & Contents with GIO, you can relax knowing that if the unexpected happens to your home, we'll be here to help so you can get things get back on track sooner.

Allianz - Your dream home and everything you treasure deserve proper protection. Allianz provides reliable insurance for home and contents, ensuring your peace of mind. You work hard to maintain a beautiful home and lifestyle, so it’s comforting to know that if something goes wrong Allianz will be there with you to help you set things right. Having the right home and contents insurance cover can give you the confidence to relax and enjoy your home.

For the home owners / households, suffering the drawn out process of Insurance Bad Faith, these statements must appear Empty Of All Good Faith and truly unbelievable!

Obviously Insurance Companies with such statements and beliefs, must be showing good faith to their clients 100% of the time? Is that so? Not just before an 'event', but importantly after the disaster when the agreed services are 100% needed. At a time when the home is in a state of disrepair due to disaster, the family's largest investment risk of further losses if repairs are not quickly performed!

With a home not habitable, a family has to uproot itself and seek alternative accommodation elsewhere. At this time of GREAT NEED these large Insurance Companies with such promises, would ALWAYS 100% be proving to their client, that they have their interests at heart, personal, emotional and financial?

Of course if this is not the case, your story of why is most welcome on this blog.

For those of you not suffering the process of litigation the statements may seem true! After all what kind of responsible Insurance Company would create such spin!

Alas for those suffering Insurance Bad Faith, broken statements and agreements just resemble a LARGE WIND FARM! Blowing with a tornado of distrust, dishonesty, frustration and utter disbelief.

Insurance Companies Send Home Owners Into A Spin!

Insurance Articles On Bad Faith : Good Faith

2009-07-04T20:18:00.007+10:00

Insurance Articles On Bad Faith : Good Faith.

Utmost Good Faith - Sections 12,13,14 - Insurance Contracts Bill - 1984.

Information that is of vital importance is only known to one party to the contract.To make the dealing as fair as possible, the principle of utmost good faith was developed whereby the party possessing the knowledge owes a duty to disclose the material and relevant facts to the other party of the contract so that the other party can make an accurate assessment of what they are undertaking. - Learn More.

Source - National Insurance Brokers Association - AU.

The Big Insurance Scam.

Furthermore, the floor seems to fall out when you consider another fact. In times of major disaster, when a company, family or individual needs the help most—when they really expect all the expense into insurance companies to pay off—insurance companies find ways to fall short on their promises. - Learn More.

Source - The Big Insurance Scam : Shane Olson - US

Insurance Fraud - The True Story.

The concept of insurance is a twisted matter in American minds. All those ads that say you’re in safe hands with such-and-such a company are a bunch of misleading babblings and propaganda. In the real world, there are no certainties. There is no real insurance. There are only best bets and odds, which is something insurance companies understand much better than the person who pays into them. - Learn More.

Source - Insurance Fraud - The True Story : Shane Olson - US

The Implied Duty Of 'Good Faith' In Australian Contract Law.

Good faith as a distinct doctrine is not well entrenched in Australian contract law. The fundamental principles which constitute good faith such as cooperation, reasonableness, legitimate interest and proper purpose are already implied in law. Good faith implied as a separate definitive doctrine would only cover the principles already established in law. Therefore there is no need to “reinvent the wheel”. Economic criticisms of the doctrine of good faith are common due to the perception that the doctrine restricts the individuals’ right to form the “best” contract possible. It is argued that such restrictions are against the classical law principle of “self interest.” The principles which form the doctrine of good faith are valuable because they create confidence in the formation of contracts between the two parties. Without such principles no contract would be binding. Recognition of good faith as an umbrella principle is ultimately required in Australian law to sustain the further development and provide confidence in the area of contract law. - Learn More.

Source - Murdoch University Electronic Journal Of Law - AU

Articles & Your Stories On Bad Faith / Good Faith Welcome!

Insurance Articles On Bad Faith : Good Faith.

Insurance Claim - Reny Deren v NRMA - Bad Faith?

2009-07-01T17:54:00.016+10:00

Insurance Claim - Reny Deren v NRMA.

Has This Australian Insurance Company Taken The Client For A Disaster Ride? - Is This A Case Of Bad Faith?

When Your Insurance Supplier Is In Charge Of Performing Temporary Repairs, You Would NOT EXPECT To Run The Risk Of Losing Everything!

According to our research, the above scenario of risk happens on a frequent basis around the world. Where the Insurance Company throws 'Good Faith' Out Of The Window, leaving the homeowner / household to battle it out in the courts!

Further research shows that fighting these battles on behalf of the homeowner, is big business in the US with an impressive arsenal of Lawyers & Attorneys. This only goes to show that these 'BAD FAITH' events are often kept quiet. Kept quiet by the same businesses we place our property, our investments in the hands of!

Can We Trust Insurance Companies At The TIME OF NEED?

Why are Insurance Companies breaking these Insurance Agreements?
Why is the homeowner being shown NO GOOD FAITH?
Why are professional bodies allowing the Insurance Companies to get away with it so many times?
Where is the LAW?
Is it not time for a PROFESSIONAL APPROACH?
Do we not have professional bodies to protect the innocent?
Is money & greed forcing the hand?
Why the lies and fraudulent activity proven not been acted upon?

Lets hope the POWER OF THE PEOPLE & TRUTH, will result in a correct decision for many!

The following story sourced from mynrma.info will make your BLOOD BOIL!

Disaster Event Arrives At The Home Of Reny Deren.

"On the 8th of June 2007 the Hunter Region in NSW was declared a Natural Disaster Zone. My home like many others suffered minor damage, that after time became to be a total loss at the negligence of the insurer and their builder.

The roof of the home became damaged, along with the solar absorber for the pool heating. This later subsequently damaged the pool pumps.

Most of my home had been without power for some 9 weeks. During this time I signed off on the repair contract with the insurer and their builder, for the sum of $2035.00 to a maximum of $10,000.00.

The insurer and their builder saw fit to make urgent repairs to the pool while the home remained open to the weather. I could see the funny side this, as my family could live in the pool, as it was warmer and dryer than the home.

Unfortunately during this time without power in the home, I was left to cook on a portable gas cooker, that failed and caught fire in the kitchen resulting in a second claim.

Months would pass by and still my insurer made no attempts to tarp the roof and stop the rains from entering the home, I made dozens of calls to the NRMA with no reply.

Months passed by and the NRMA customer advocacy department escalated my claim to level one and made it urgent. But the managing assessor handling my claim, refused to respond to one of his own departments requests. This was followed by 14 calls over 2 months and not one return call.

Follow the story further here on mynrma.info

Recent Update from Reny Deren: "My family and I now stand to lose the family home as we are forced to pay rent and the mortgage on the family home at the same time. I have been offered $193,083.31 cash settlement by the insurer NRMA, fully knowing I can never claim this money under the terms and conditions laid out by the NRMA."

To show your support for the cause and increase awareness of case, we ask you to share this information. The NRMA would like it to go away no doubt! Our blog is easily available via RSS Reader / Email. Please add your bit to the support of Reny & his family, by taking his survey and forwarding any comments you have to the contacts he offers for action.

If you are a Twitter user we ask you to spread the word into the Twitterverse.

Follow @badfaithclaim to keep up to date.

Post a Tweet to show you think Reny's story is BAD FAITH Insurance. Together we can create an awareness, by sharing the information and hopefully stopping the process!

Insurance Bad Faith Claim - Reny Deren v NRMA.