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#1
12-18-2019, 01:39 PM
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Fortune 500 publicly traded company question.
Does anyone know the best and easiest way to find out the name, policy number and address for the general liability insurance company for a Fortune 500 publicly traded company?
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#2
12-18-2019, 02:14 PM
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Well, you could sue them. Insurance contracts aren't public record, so you would have to get that information from the company. You can try the investor relations department, which is likely the only live phone number you will be able to find. A better way is to find out in state they are incorporated. Then go to the website for that state, look up the secretary of state, and search for their corporation documents. The address for legal process will be in the corporation certificate. Then call or write to that address.
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#3
12-18-2019, 04:30 PM
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Thank you, I will look up the information then write to their registered agent. I'm after their general liability, errors and omissions and legal malpractice insurance policies.
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#4
12-18-2019, 04:33 PM
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Another idea I thought about is for me to purchase around 100 shares of their stock. That might give me more leverage in finding out the names, policy numbers and addresses of their insurance carriers.
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#5
12-18-2019, 06:13 PM
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I believe there is a reason fortune 500 companies do not reveal the names of their general liability, errors and omissions and legal malpractice insurance carriers to the public. They are trying to protect the claims window to reduce (or eliminate) claims against them, valid or not.
In other words, they want to force a claimant to climb a mountain of secrecy just to make a liability claim. The game of insurance at its finest.
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#6
12-18-2019, 06:21 PM
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#7
12-18-2019, 07:25 PM
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I have located several public insurance adjusters that may be able to assist me with my issues. I'll tell you this, insurance claims can be a complicated, convoluted hot mess.
Many people attempt to process their own car accident, personal injury or whatever damages insurance claim only to find out the world of insurance is filled with land mines.
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#8
12-18-2019, 11:44 PM
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Many companies self insure. They may have many multiple policies, and if they do business in more than one state, multiple insurers. Not only is it a complicated question, the answer is dangerous. Publishing insurance information invites false claims. Would you mind telling us the name of your auto insurance carrier, policy number, and coverage amount? Who carries your life insurance, what is the benefit value, and who are the beneficiaries? The world in general has no right that information, and you're probably not going to post it here. For the same reasons that a Fortune 500 company wouldn't post it here. No kidding, if you want to discover the name of their insurer, sue them.
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#9
12-19-2019, 10:23 AM
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The main difference between myself and a fortune 500 company is this: They do business with the public in the form of hundreds if not thousands of customers. I don't.
That said, insurance companies operate one of the biggest shell games going; make sure money comes into their coffers while very very little goes out. Give the policy holder a worthless piece of paper called a 'policy' and pretend their promises are good as gold. More than one insurance company has filed for chapter 11 federal bankruptcy protection leaving the policy holders holding the proverbial bag.
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#10
12-19-2019, 10:25 AM
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If I am in an accident with the car, both myself and the other party DO exchange insurance information. The information is shared on an 'as needed' basis.
Life insurance is somewhat different in that the only people who need to know the specifics are the beneficiaries.
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#12
12-19-2019, 08:51 PM
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It appears they have absolutely no problem accepting your premium payments but if and when you make a claim they will go over it with a fine tooth comb, drag it out, delay payments, etc. Their actions are designed to get you to give up and throw in the towel. With several thousand years of experience at screwing over policy holders, they are FAR better at beating you out of a buck than you are at getting a buck out of them. Just add up the total amount you pay out each year in car insurance, home owner's insurance, life insurance and medical insurance premiums in any given year. Then total the amount of money they paid you in the form in claims. Subtract the total annual payments you have paid to the insurance company from the dollar amount of the total annual claims they have paid you. Nuff said. I suggest the following book for more information which may help prevent you and your household from getting the screwing of your lives. https://www.amazon.com/Delay-Deny-Defend-paperback-JayM-Feinman/dp/0989501701/ref=sr_1_1?keywords=deny+delay+defend&qid=1576806556&sr=8-1 Last edited by merc lover; 12-20-2019 at 09:54 AM.
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#13
12-25-2019, 12:55 PM
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So, why do fortune 500 companies hide the names of their general liability carriers from the public? They sure as h*ll are making money from selling goods or services to their customers, aren't they? Business involves risk and risk is why they carry general liability insurance. Time to cough up the goods to the customers they have screwed over.
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#15
12-26-2019, 10:06 AM
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You aren't helping.
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