Insurers exist to make a profit. Learn what you can do if your injury claim is denied from the attorneys at Mullen & Mullen.
It seems odd they call themselves “insurance” companies, doesn’t it?
One definition says insurance is when “an individual or entity receives financial protection or reimbursement against losses.”
However an insurance company’s goal is to pay you nothing at all or as little as possible. That’s how insurance companies profit.
They’re not in the business of making sure you have financial protection for certain situations and losses. They’re in the business of making money.
And of course, they’ll analyze your situation in depth to see if there’s a way they can limit or eliminate what the law obligates them to pay.
To make sure the law favors them, they lobby Congress and the Senate aggressively. In 2017, they spent the second most on lobbying, right behind pharmaceutical companies: $160.5 million, according to Investopedia.
While it’s […]