Today, let’s focus on AIG.AIG is the world’s largest insurer. Former AIG claims supervisors have alleged in lawsuits that AIG uses all types of dirty tricks to deny insurance claims such as disposing of documents at pizza parties and fighting claimants for years over all types of silly issues. AIG has also been investigated for insurance fraud. AIG paid out over $1.5 billion to settle a host of various allegations of insurance fraud. AIG is not the only insurance company to use the deny and delay tactic, but they also prey on their insureds as well by raising prices during disasters like hurricanes and even the 911 Tragedy.
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