This important Bloomberg News article exposes the strategies used by a few large insurance carriers to pay far less to claimants than their policies and fair claims practices should have obligated them to pay.
Although the article contains several factual errors and miscalculations, it does a great job describing the origins and use of the alarming strategies used by a few large insurance carriers to keep their claims costs low.
The stunning lessons from this story help illustrate why you should follow my best advice on personal risk management: “Let the buyer beAware”. http://www.bloomberg.com/news/marketsmag/mm_0907_story1.html
Private Risk Advisor 
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