Taking on the 'dark side' of insuranc...

Taking on the 'dark side' of insurance firms

There are 48 comments on the The Santa Fe New Mexican story from Apr 18, 2009, titled Taking on the 'dark side' of insurance firms. In it, The Santa Fe New Mexican reports that:

David Berardinelli can quote from memory the bombastic speech given by corporate raider Gordon Gekko, played by Michael Douglas, in Oliver Stone's 1987 film Wall Street : "Greed, for lack of a better word, is good.

Join the discussion below, or Read more at The Santa Fe New Mexican.

First Prev
of 3
Next Last
Reality

Portland, OR

#42 Apr 20, 2009
santa fe native wrote:
It seems funny to me that Mr. Beradinelli releases this article at about the same time as his book is going public.(for sale at Amazon.com or Borders). Sounds like a greedy lawyer trying to make more money on the backs of the insurance companies. Don't forget he gets anywhere from 25% to 40% of the settlement everytime he files and wins a lawsuit against the insurance cos. Take a closer look and you'll see who's really getting rich here. Mr. Berardinelli is the one who should be taken to task for his one sided report.
Come on. Every author tries to generate a little publicity when he/she publishes a book.

Since: Sep 08

La Madera, NM

#43 Apr 20, 2009
santa fe native wrote:
It seems funny to me that Mr. Beradinelli releases this article at about the same time as his book is going public.(for sale at Amazon.com or Borders). Sounds like a greedy lawyer trying to make more money on the backs of the insurance companies. Don't forget he gets anywhere from 25% to 40% of the settlement everytime he files and wins a lawsuit against the insurance cos. Take a closer look and you'll see who's really getting rich here. Mr. Berardinelli is the one who should be taken to task for his one sided report.
The insurance companies pass on the cost of those lawsuits. They in fact help to raise premiums. It's a little game they play.
Dawn Gwin

Albuquerque, NM

#44 Apr 20, 2009
Bravo for Mr. Berardinelli for exposing Allstate's unethical practices. I believe the national moving companies are following suit with similar practices to avoid paying for damages. They delay the process for years, refuse to pay for anything that you don't have the original receipt proving purchase price (hard to do with family heirlooms), they pay "appraisers" to say the furniture was of no value, and then in arbitration pay the arbitration judge. It's a racket and I encountered dozens of people who experienced the same tactics from their van lines. My nightmare was dealing with United Van Lines, but it seems this is common practice these days.
Captain Opinion Santa Fe

El Paso, TX

#45 Apr 20, 2009
santa fe native wrote:
It seems funny to me that Mr. Beradinelli releases this article at about the same time as his book is going public.(for sale at Amazon.com or Borders). Sounds like a greedy lawyer trying to make more money on the backs of the insurance companies. Don't forget he gets anywhere from 25% to 40% of the settlement everytime he files and wins a lawsuit against the insurance cos. Take a closer look and you'll see who's really getting rich here. Mr. Berardinelli is the one who should be taken to task for his one sided report.
Excellent analysis.

You know that the stenographers at the new mexican are too lazy and incompetent to ask Berardinelli any questions about his motives.

Please let me add the following: This the new slick marketing approach for these leeches. Their intent is to portray themselves as noble and charitable while greedily charging $200+ per hour with no guarantees of results.
General Opinion

Los Alamos, NM

#46 Apr 20, 2009
I think most people would find an insurance executive more reprehensible than a lawyer.

By the way, I once had a major claim with Metlife as well. The company was entirely unethical and its adjusters, lawyers and executives are entirely worthy of Dave Nelson's ideas of creative reprisal. Some day I hope to be stranded on a desert island with one of those people.
blanco

Tuscumbia, AL

#47 Apr 20, 2009
Dave Nelson wrote:
<quoted text>
The insurance companies pass on the cost of those lawsuits. They in fact help to raise premiums. It's a little game they play.
FYI - that little game they play costs every insured person lots of extra premium. When a lawyer sues for 300K and puts $120000 in his own pocket how can anyone expect the insurance companies to pay that judgement without them passing on the cost? The real culprit here is the attorney who inflates a claim to line his own pocket. Believe me, Mr. Beradinelli is one of the best. He's the guy you need to look into - not the insurance industry.
Reality

Portland, OR

#48 Apr 20, 2009
blanco wrote:
<quoted text>
FYI - that little game they play costs every insured person lots of extra premium. When a lawyer sues for 300K and puts $120000 in his own pocket how can anyone expect the insurance companies to pay that judgement without them passing on the cost? The real culprit here is the attorney who inflates a claim to line his own pocket. Believe me, Mr. Beradinelli is one of the best. He's the guy you need to look into - not the insurance industry.
If there were a better alternative, people wouldn't go to contingency lawyers. Since there isn't a better alternative, lawyers like this are often the only way ordinary can hope for justice when dealing with powerful corporations -- insurance and others.

If the corporations would pay when they should, then they would put the contingency lawyers out of business.

But they don't.

Since: Sep 08

La Madera, NM

#49 Apr 21, 2009
blanco wrote:
<quoted text>
FYI - that little game they play costs every insured person lots of extra premium. When a lawyer sues for 300K and puts $120000 in his own pocket how can anyone expect the insurance companies to pay that judgement without them passing on the cost? The real culprit here is the attorney who inflates a claim to line his own pocket. Believe me, Mr. Beradinelli is one of the best. He's the guy you need to look into - not the insurance industry.
I was referring to a game insurance companies play to boost profits.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 3
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Michael Douglas Discussions

Title Updated Last By Comments
News 'Greed is Good' is not good at all (Sep '10) May '16 dGo mnaDed lyHo i... 6
News Tribeca: Michael Douglas Calls for Presidential... (Apr '16) Apr '16 James 1
I HATE MICHAEL DOUGLAS (and so does slacher) (May '08) Apr '16 James 16
News Florida Hospitals Face Glenn Close-Like Threat (Mar '15) Mar '15 Elyse 1
News First Look at ANT-MAN Super Villain 'Yellowjacket' (Dec '14) Dec '14 Kid_Tomorrow 1
News Douglas is right: Sex, cancer connected (Jun '13) Mar '14 lawyers gone wild 3
News Michael Douglas blames oral sex for throat cancer (Jun '13) Oct '13 farm tractors 13
More from around the web