Banker Reviews

In contrast with the past, GEICO and Allstate Insurance Agency have provoked many complaints. Both auto insurance providers are expanded nationwide and many times ranked among the best companies in the Fortune 100. Both employ thousands of staff who should be focused on satisfying their customers because insurance business is a business that is based on people’s trust and favor. But still there have been many complaints against the companies.

Allstate. Allstate insurance agency was founded in 1931 as a part of Sears. At the present time it is headquartered in Northbrook, Illinois. The company specializes in providing auto, home, umbrella and business insurance. The slogan of Allstate insurance agency is: “You are in good hands”. Allstate is the second largest insurer in the United States. The company is a sponsor of various sports events. In 2007 Allstate introduced a new eco-friendly insurance option. There have been many complaints filed against Allstate stating that the company fails to pay off the entire sum to its policy holders.

GEICO. GEICO is a privately owned company that was established by Leo Goodwin in 1936 in Fort Worth, Texas. The name “GEICO” is an acronym for Government Employees Insurance Company. At the present time the company is headquartered in Chevy Chase, Maryland. It specializes in auto financing and auto insurance. The tagline of the company is: “Fifteen minutes could save you fifteen percent or more on car insurance”. GEICO has already provided insurance to millions of people. The company markets auto insurance in all the U.S. states but Massachusetts.

Problems you can meet with GEICO and Allstate. Sometimes you have to pay for other people’s mistakes. They will force you to pay by the law. And the reason of that trouble would not matter. Or they can tell you they will cover the insurance of your underage child when he or she comes of age. Or you can file a claim and get only delays and no investigation. People state that it is quite difficult for them to post the claim and prove that the accident has really taken place. GEICO, for example was announced to be one of the companies that have received the volume of complaints stating that the company cannot settle the claim professionally and that claim process and procedures were the most horrible to come through. Allstate also received very poor reports from its policyholders. Many customers of Allstate Insurance Agency and GEICO complain about the problems with payments. The companies try to stall for time and keep the payments as long as possible. It is very difficult to get the coverage within 30 days.

Everybody know that insurance is a kind of risk management and a company that issues insurance policies is always aware of the risk factor. And people who buy the insurance try to limit the risk of possible definite, accidental, large or calculable loss. Thus, if something happens to the insured person, his or her insurance company provides coverage – a premium. And at the present day insurance is a thing that everyone has to have. That is why insurance companies flourish, grow and expand. Insurance business is almost like a gambling business: an insurer never loses, just like a casino. An insurance company would never sell the insurance to a person that will surely get into trouble and make the company pay off the coverage. And ING Insurance is one of the companies that always stick to the rule.

About the company. ING Insurance Company is a wholly owned subsidiary of ING Group that is a financial services company. ING Group was founded in 1991 and is headquartered in Amsterdam, Netherlands. ING Group is the tenth largest company in the whole world. ING Insurance Company serves individual, corporate and institutional customers in more than 40 countries of the world, such as Australia, Mexico, Belgium, France, Germany, Poland, Peru, Turkey, Canada, the USA and many other countries.

ING Insurance services and products. ING Insurance Company provides a diverse range of different insurance services and products. The company insures any risk that can be potentially quantified. ING Insurance Company offers life and annuity coverage, health coverage to cover the costs of medical treatments, dental insurance against dental costs, disability coverages: total permanent disability insurance, disability overhead insurance, worker’s compensation; property and casualty coverages: auto insurance, crime insurance, crop insurance, terrorism insurance; liability coverages, credit coverages and many other services.

ING Insurance Company controversies. Notwithstanding the fact that ING Insurance is one of the leading insurers in the world, there have been many complaints filed against the company. Several years ago, ING Insurance Company was accused of violating the rules of business practices, getting involved in the improper market timing in funds and many other related violations. National Association of Dealers forced the company to pay several million dollars in restitutions and fines. Besides, many clients of ING Insurance complain about the business practices of the company. People state that they suffer very often because of the mistakes of the system and oversights of the employees of ING Insurance Company.