Choosing an Insurer

Posted on behalf of Rizk Law on Sep 21, 2021 in Firm News

As leadership, ownership and holdings of insurance companies change, so do insurers. Yesterday’s great insurer may be a lousy insurer today. Of course, an insurer’s leaders and owners can impact how effective and honest an insurer will be. Most consumers are not aware, however, that insurers make most of their money on investments, not the business of insurance. Therefore, how well or how poorly an insurer’s investments have been returning lately can hugely impact an insurer’s claims decisions. You can check an insurer’s financial ratings through the following companies:

1. Standard & Poor’s (212) 438-2400

2. AM Best (908) 439-22-000 www.ambest.com

3. Moody’s (212) 553-0377 www.moody’s.com

4. Street.com (800) 289-9222 www.weissratings.com

5. Fitch Inc. (800) 893-4324 www.fitchratings.com

Keep in mind that an insurer’s performance may differ across the US. For that reason, it’s also important to check locally for the volume of complaints against a particular insurer in your state. Oregon’s Division of Financial Regulations keeps taps on such complaints. To find out more, go to dfr.oregon.gov or call (503) 947-7984 or toll free at (888) 877-4894.

$1,250,000
Car v. Pedestrian Crash

Pedestrian’s Stroll

FACTS: Commercial motorist strikes pedestrian on Oregon roadway. No witnesses. Litigated case.

INJURIES: 1. Brain injury; 2. Broken bones. Other details are confidential.

$900,000
Truck Accident

Car T-Boned by Commercial Delivery Truck

FACTS: Client t-boned by a commercial delivery truck. Delivery driver cited for distracted driving and careless driving. Client left pinned in her car with obvious compound arm fractures.

INJURIES: Compound left arm fracture, chest pain, neck sprain, back sprain, and shoulder and knee injuries.

$695,000
Car Accident

PDX Rent-a-Car Head Injury

FACTS: PDX shuttle driver struck by SUV while walking across airport parking lot. Strikes head on pavement. Loses consciousness. No witnesses. Insurer resists claim suggesting client at fault and claims brain injury is due to pot smoking. Wife also files claim for loss of affection. Litigated case.

INJURIES: Concussion, contusions, loss of intimacy.

$625,000
Car Accident

Drunk Driver Collides Head On with Postal Worker

FACTS: Client, an off-duty postal worker, drove home after completing a 12 hour shift on December 26. Two bars overserved the defendant driver leaving her to drive home 3 times above the legal alcohol limit. Defendant driver traveled on a rural road without headlights on when she collided head on into postal worker.

INJURIES: Client suffered PTSD, including frequent nightmares and fractures to right arm, leading to several shoulder surgeries.

$625,000
Car Accident

SUV Driver Hit by Full-Size Pick-Up Truck on US-30 Outside Astoria, Oregon.

FACTS: SUV driver hit by oncoming full-size pick-up truck on US-30 outside Astoria, Oregon. Litigated case.

INJURIES: Fractured T3-T9 rib fractures requiring surgical repair with plates; transverse process L1-L5 fractured; pulmonary contusion, bruise on the left; simple pneumothorax resulting in pneumonia; seat belt abrasions on neck and around hips. Left hand lacerations. Middle finger cut. Arm and leg bruises.

Blog

Choosing an Insurer

Pedestrian’s Stroll

Car T-Boned by Commercial Delivery Truck

PDX Rent-a-Car Head Injury

Drunk Driver Collides Head On with Postal Worker

SUV Driver Hit by Full-Size Pick-Up Truck on US-30 Outside Astoria, Oregon.

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