Biggest Home Insurance Companies Denied Nearly Half of Last Year’s Claims

About this episode

The episode discusses a study revealing that major home insurance companies denied nearly half of claims last year, with insights from Professor Richard Wolff.

A new Wall Street Journal study finds that the five biggest home insurers, Allstate, State Farm, Liberty Mutual, United Services Automobile Association, and Farmers Insurance, denied nearly half of all claims last year. The primary driver is an increase in deductibles, which insurers claim is being done to compensate for an increase in weather-related catastrophes. Professor Richard Wolff and producer Nicole Roussell discuss. Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.

People in this episode

Guest: Professor Richard Wolff

Topics covered

• home insurance
• claims denial
• insurance companies
• weather-related catastrophes
• deductibles
• financial analysis

Keywords

• home insurance
• claims
• insurance denial
• deductibles
• weather catastrophes
• financial study

Mentioned in this episode

Organizations: Allstate, State Farm, Liberty Mutual, United Services Automobile Association, Farmers Insurance, Democracy at Work, Wall Street Journal

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