Liberty Mutual singing the blues about money

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Get Help From our Michigan Workers’ Comp Lawyers Today
You’re not alone. Our Michigan workers’ comp lawyers have been called the best in the state, and we pride ourselves on providing you with care, trust, and responsiveness.

Michigan workers comp lawyer explains how insurance companies are out to make a buck and why this comes at your expense.

I always chuckle when a television commercial comes on talking about how much insurance companies care. You would think these corporations are your best friends and only want what is best.

The truth is that selling insurance is a big business and the goal is to make money. Workers comp insurance is just another product.

Insurance companies are not on your side and actively work against labor interests. This can be seen in political donations and lobbying efforts. The less benefits that need to be paid for a work injury, the more profit to make on the product.

Michigan has been hit especially hard by these special interest groups who have fought to make collecting benefits impossible. House Bill 5002 is a clear example. Insurance companies can now reduce or stop wage loss benefits based upon a job that isn’t even available.

So what is Liberty Mutual complaining about?

One of the strongest arguments for workers comp reform is to protect employers from the high costs of insurance. So now that Michigan employers pay less in benefits, premiums should be going down. Not so fast!

PropertyCasualty360.com reports that Liberty Mutual thinks rate levels are too low. State regulations that prohibit greater increases are to blame.

President & CEO David H. Long said, “I’m hard-pressed to come up with a state where pricing is adequate, off the top of my head.” As for company strategy, “We have no choice but to continue to push rate until we are comfortable with the pricing in commercial lines—and that is what we intend to do.”

How this affects your work comp

Insurance companies routinely deny benefits in Michigan. For example, Farm Bureau General Insurance Company denied over 60% of its initial voluntary payment claims in 2011. The state average is closer to 9%.

Workers comp reform is not about lowering premiums. It’s about depriving injured workers of their benefits. So the next time someone tells you employer costs are out of control, tell them to stand up to the insurance industry instead of cutting your benefits.

Call (855) 221-2667 to speak with one of our workers comp lawyers in Michigan. We fight to hold the insurance company accountable.

Alex Berman is the founder of Michigan Workers Comp Lawyers. He’s been representing injured and disabled workers exclusively for more than 35 years. Alex has helped countless people obtain workers comp benefits and never charges a fee to evaluate a case.

Related information:

Top 5 misconceptions about workers compensation in Michigan

Photo courtesy of Creative Commons, by 401(K) 2012.

08/01/2012

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Author Bio Jeffrey Kaufman

Author
Jeffrey E. Kaufman
Michigan Workers Comp Attorney

Jeffrey E. Kaufman has extensive experience in workers compensation cases and has recovered millions of dollars in benefits for his clients. He believes all injured workers deserve to be on equal footing with insurance companies and employers, and fights tenaciously so their rights are secured and protected.


“Jeff also helped me with getting my Blue Cross bills paid. I would absolutely recommend him and the whole firm. Jeff and the firm did everything they were supposed to do for me and my case.”
Ricardo Perfetto

Hundreds of 5-Star Reviews

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Get Help From our Michigan Workers’ Comp Lawyers Today

You’re not alone. Our Michigan workers’ comp lawyers have been called the best in the state, and our clients love how they’re treated with care, respect, and responsiveness. We will give you the time you need, we will explain your legal rights, and we will always treat you with respect.

Our workers’ compensation and Social Security disability lawyers always put your needs first. Get to know your legal team.

Our attorneys post regularly about common issues related to workers’ comp, including common injuries, settlement calculations, laws, and more.

Injured? It’s Time to Get Some Answers

Don’t let the insurance adjuster push you around. Request your free consultation today.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Our attorneys post regularly about common issues related to workers’ comp, including common injuries, settlement calculations, laws, and more.

Our workers’ compensation and Social Security disability lawyers always put your needs first. Get to know your legal team.