REVOLUTIONARY START-UP VOWS TO UPSET TRILLION DOLLAR INSURANCE APPLE CART
SAN FRANCISCO, October 11 /PRNEWSWIRE/ – “Recent hurricanes will once again reveal how insurance companies pocket billions by cheating policyholders.
“They did it with Katrina and Sandy and it’s going to happen again with Harvey, Irma and Maria.” predicts bad faith insurance lawyer, Ray Bourhis.
Between their gobbledegook ambiguous policy language and their assertions that a house that will cost $507,000 to rebuild can be slapped back together for $120,000, insurance companies are already hard at work safeguarding their astronomical profits. How?
As 60 Minutes reported following Hurricane Sandy, they use phony engineering reports and contractor estimates along with fraudulent interpretations of policy language to pressure insureds who have lost everything to settle claims for nickels on the dollar.
And, according to Ray Bourhis, who has spent forty years suing insurers for denying and underpaying valid claims, this conduct is not restricted to hurricane losses. Bourhis literally wrote the book (Insult to Injury1) on how Long Term Disability insurers have been cheating insureds for decades. “It’s the same thing for Medical insurers, Business insurers – the whole lot of them,” he says.
And he has had it.
So, armed with his trusty laptop, Bourhis is striking back. This week he is launching InsuranceConsumers.com a consumer friendly how-to book in a box – or rather in an iPhone. “IC visitors are offered extensive resources including everything from inside-the-boardroom secrets about how the insurers operate, to detailed insights about every major line of insurance sold in the US.
“Third Party, Homeowners, Auto-Boat, Business, Medical, Disability, Long Term Care, Life insurance…everything. Plus free legal consultations with insurance consumer attorneys.”
Bourhis is not new to the idea of fighting for people. He taught high school in Appalachia, worked for Senator Robert Kennedy and served as a Vista Volunteer with Cesar Chavez’s California farm workers. As a Berkeley law student he founded Cal Advocates (now CalPIRG) and as an attorney in private practice he won record verdicts and settlements in insurance bad faith cases that were profiled on 60 Minutes, Dateline, USA Today, the Wall Street Journal, Los Angeles Times, Miami Herald and dozens of other newspapers nationwide. In 2001 he was appointed by the California Superior Court to oversee reforms in the California Department of Insurance.
“For generations,” Bourhis says, “policyholders have been powerless and alone. Totally at the mercy of the insurers. And they typically turned to the worst possible source for help – the insurance companies themselves.”
“No more,” he declares. “IC is going to be there from now on. We are going to help insureds force the companies to keep their BS promises. Insureds are going to start understanding what they are buying and getting what they are paying for…
Check it out. InsuranceConsumers.com. Claims handling may never be the same again.
1 “Insult to Injury: Insurance, Fraud, and the Big Business of Bad Faith” Ray Bourhis