Insurers Cheat Victims-Record Highest Profits Ever
Anyone who believes the propaganda from the insurance industry and US Chamber of Commerce about trial lawyers driving insurers out of business should read the excellent article posted October 15 on SunHerald.com about home insurers cheating victims while recording record profits. This article shows that the tort reform movement is a fraud. Even in the wake of Hurricane Katrina, property-casualty insurers, which cover damage to homes and cars, reported their highest-ever profit of $73 BILLION last year. (Keep Reading)
The author asks: "How on earth did our Chamber of Commerce get to the point where its primary purpose is to attack the public's constitutional right to trial by jury?" For starters, check out The Powell Memorandum, an advocacy/strategy peice urging the Chamber to trumpet business interests at all costs. It appears that the Chamber, 36 years later, has really responded to that call.