Businesses Bring Class Action Suit Against Insurer AIG, Claiming Fraud Over Workers’ Compensation
I was interested to read about how a group of small businesses in New York, New Jersey and California have brought class action lawsuits against the insurance giant American International Group (AIG).
Why? Because time and time again I see how insurance companies try to make out people who have been injured and are making claims against them, are cheating the system.
In this case, attorneys for the plaintiffs claim AIG took part in a scheme intended to misreport the level of worker’s compensation premiums it collected in each state, leading to insured employees paying more than they were required to in certain workers’ compensation fees.
If, like me, you are familiar with insurance company tricks, these lawsuits will come as no surprise.
Nevertheless, the scale of the alleged fraud and unfair business practices is staggering in that the scheme is said to date back to the 1970s.
“By making it appear that less money in workers’ comp premium was collected, AIG caused insurance regulators to assess artificially inflated fees on insured employers for certain state mandated workers’ comp programs,” the attorneys for the plaintiffs argue, according to an article in Insurance Journal.
No figure has been established for the alleged fraud but I wouldn’t be surprised at the notion of an insurance company making workers’ comp a workers’ con.
These are the same folks who try to lowball people who have been injured in car wrecks in cities such as Virginia Beach, Norfolk and Hampton, VA, denying them what they are justified to given the nature of their injuries.
If the insurance company is becoming a headache after an accident, you should contact an experienced Virginia Beach personal injury lawyer to take the burden of dealing with them off your shoulders, to allow you to concentrate on making a recovery from your injuries.
John Cooper and Jim Hurley of Cooper Hurley have been helping those injured in accidents for more than 40 years between them. When It Really Counts, Count on Cooper Hurley. Call us at (757) 455-0077 or see CooperHurley.com