No. of Recommendations: 1
apple.news: If You Get in a Car Crash, the Risk Is Growing Your Insurance Won’t PayNot sure if this is behind a paywall or not, but it is a WSJ story today about movement of unpaid claims 2015 to 2025 gleaned from Public records from the insurance regulator.
On the other side of policy premiums is the insurer’s history of actual payment against claims.
My simple summary is that Geico has changed very little when it comes to paying (or denying) claims. 35% in 2015, 37% in 2025 denied. The big boys in the game appear to have a larger denial percentage as well as a broader jump over this period.
Would like comment from others, if they read this differently.
Payment (or denial) of claims feeds insurance branding in its own way. Not just premiums.
