Greedy Trial Lawyer
A Mission For The Greedy Trial Lawyer Brigade
Category: Torts For Our Time
While American soldiers have been fighting in Iraq some American insurance companies have launched their own offensive to scam them. Legislation against these practices may be forthcoming. My suggestion is simpler. Unleash greedy trial lawyers against the bad guys. The same firepower that took down Big Tobacco can put an end to the practice and obtain compensation for the soldiers who have been defrauded.
CNN covers this outrageous insurance mission.
NEW YORK (CNN/Money) - More details about the abuse of soldiers from misleading and overpriced insurance ploys will be reported by a government auditor next week, according to people who have seen the report. The report by the Government Accountability Office will be released as insurance regulators, members of Congress and GAO representatives testify before the Senate Banking Committee. They’ll push for a bill that will increase government oversight into the insurance sales practices at military bases, and will recommend changes to the types of complex supplemental insurance and financial products that are marketed to soldiers.This issue, brought to light last year in a report by The New York Times, has been one of many examples critics cite to push for the U.S. government to do more for its soldiers.
The government did address some concerns by passing a number of reforms in the past year to provide soldiers with better life insurance benefits, and state regulators have been able to provide victimized soldiers with refunds from some of the companies involved in the misconduct.
But while reformers call the moves a good first step, they want the government to take an even more active role in protecting servicemen and women from being scammed by unscrupulous insurance agents from private companies—particularly as the death toll in Iraq steadily rises.
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