SAN FRANCISCO, March 27 /PRNewswire/ -- Issued by
InsuranceConsumers.com. Ray Bourhis, author of Insult to Injury: Insurance,
Fraud and the Big Business of Bad Faith, today demanded immediate
Congressional action including the reform of ERISA Preemption, abolishment
of the insurance industry's anti-trust exemption, and an increase in the
rights of policyholders with long-term care insurance.
Bourhis, of Bourhis & Mann in San Francisco, cited allegations made
yesterday in a front page New York Times article entitled Aged, Frail and
Denied Care charging that major insurance carriers are defrauding elderly
people whose companies know they are too old and sick to fight back.
Bourhis' criticism against the industry alleges that "some of the same
characters who made billions by cheating disability policyholders are now
going after the most vulnerable segment in our society -- chronically ill
"Some of the people running these companies are total crooks. The
industry has collected over $50 billion in premiums and now companies are
delaying and denying clearly legitimate claims, knowing the companies will
outlive their policyholders," Bourhis said.
"The insurers don't give a damn about lawsuits, punitive damages,
horrific publicity or anything else. We put Unum on 60 Minutes, Dateline,
and the front pages of major newspapers all over America. Eliot Spitzer and
John Garamendi levied millions of dollars in fines and publicly called some
of these companies 'outlaws.' We obtained huge punitive damage verdicts
that were unanimously upheld by courts of appeals. But none of that makes a
"The profits earned by cheating policyholders far exceeds the price
paid for doing so.
"Insurance companies have learned all they have to do is put an ad on
television and the public will soon forget everything else.
It's time for Congress to get off the dime and do something about this."
Ray Bourhis 415.407.7773
SOURCE Insurance Consumers