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Synopsis: We've all seen the name of AIG's CEO, Edward Liddy, far too often in the last few months. He recently attended a hearing before a congressional committee explaining why he thinks $165 million in federal bailout money from American taxpayers needs to go to AIG employees for bonuses. During Liddy's introduction, Chairman Kanjorski raised the issue about Liddy's former role as CEO of Allstate, and that company's denial of insurance contract claims. Later, one of the representatives asked why we as taxpayers are being forced to pay $165 million in bonuses on the basis that these were contracts. Liddy had no problem denying insurance contract claims which the policyholders made against his former company, Allstate. It might be surprising for the public to realize that Liddy made over $350 million in salary and stock options in his position at Allstate, in large part by implementing a plan to deny and otherwise underpay contract claims to Allstate policyholders. He did this with the assistance, of McKinsey & Co., the same consultants who created the Enron business plan. The public might also be interested to know that while running AIG, Liddy continues to be a major Allstate stockholder. Liddy was the President and CEO of Allstate Insurance Corp. from 1995 to 1999, then the Chairman of the Board until 2007. While at Allstate, he orchestrated across-the-board claim denial and underpayment systems created by McKinsey & Co., which led to David J. Berardinelli's investigative book From Good Hands to Boxing Gloves: The Dark Side of Insurance. According to this book, by the time he left, Mr. Liddy had already amassed Allstate stock worth over $250 million, with an additional payment at retirement of $50 million, and a retirement package worth over $70 million. You can also find out how, during his leadership at Allstate, Liddy oversaw that company's rejection of Hurricane Katrina home loss claims, how those costs were passed off on the American taxpayers through the National Flood Insurance Fund, and how Allstate and Liddy profited by passing off the losses to taxpayers. Find out for yourself why insurance claims are being improperly denied, delayed, and defended at trial. Read the story the insurance industry doesn't want you to know.
About the Author: David Berardinelli is an attorney specializing in insurance law. He graduated from Santa Clara University Law School in 1974. After five years as a criminal prosecutor, he went into private practice. Berardinelli participates in legal organizations including the New Mexico Trial Layers Association, the American Academy of Trial Advocacy, and the American Association of Justice. And editor of the New Mexico Trial Lawyer, and a lecturer to legal audiences, he also publishes a regular column on insurance bad faith. He is the attorney who sued Allstate and uncovered the infamous McKinsey Slides. From this experience, Berardinelli authored From Good Hands to Boxing Gloves: How Allstate Changed Casualty Insurance in America.
Title: From Good Hands to Boxing Gloves: The Dark ...
Publisher: Trial Guides, LLC
Publication Date: 2008
Book Condition: Used: Good
Book Description Trial Guides LLC. Hardcover. Condition: Good. A copy that has been read, but remains in clean condition. All pages are intact, and the cover is intact. The spine may show signs of wear. Pages can include limited notes and highlighting, and the copy can include previous owner inscriptions. An ex-library book and may have standard library stamps and/or stickers. At ThriftBooks, our motto is: Read More, Spend Less. Seller Inventory # G1934833010I3N10
Book Description Condition: Acceptable. Reading copy. May have signs of wear and previous use (scuffs, writing, underlining). Dust jacket may be missing. Seller Inventory # 3IIEN5002VJT
Book Description Trial Guides, LLC, 2008. Condition: Good. n/a (illustrator). A+ Customer service! Satisfaction Guaranteed! Book is in Used-Good condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain limited notes and highlighting. Seller Inventory # 1934833010-2-4
Book Description Trial Guides, LLC, 2008. Hardcover. Condition: Used: Good. Seller Inventory # SONG1934833010
Book Description Trial Guides, LLC 2008-01-01, 2008. Hardcover. Condition: good. 1st. 1934833010. Seller Inventory # 533560
Book Description Trial Guides, LLC, 2008. Hardcover. Condition: Very Good. Great condition with minimal wear, aging, or shelf wear. Seller Inventory # P021934833010
Book Description Trial Guides, LLC, 2008. Hardcover. Condition: Like New. Almost new condition. Seller Inventory # P011934833010
Book Description Trial Guides, LLC, 2008. Hardcover. Condition: New. Never used!. Seller Inventory # P111934833010
Book Description Trial Guides, LLC. Hardcover. Condition: Fine. 1934833010 Like New Condition. Seller Inventory # LN7.0826911
Book Description Trial Guides, LLC. Hardcover. Condition: New. 1934833010 New Condition. Seller Inventory # NEW7.0826911