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#4. Released April 29, 2009
SettlementCentral.Com, Inc. Offers CONSUMER ALERT Tips to Stop Auto Insurance Rate Increases Due to Employment Losses & Credit Limit Restrictions
Unearned and unfair increased auto insurance premiums loom for millions of Americans because their credit scores have precipitously fallen during this economic crisis through no fault of their own. Consumers can learn and take action to prevent these increases before they hit. State insurance regulators alerted against windfall insurance profits.
Economic misfortunes suffered by millions of citizens will translate into unearned windfall profits for auto insurers, since they are allowed to consider the financial stability of insureds when setting their rates.
The recent credit squeeze and the losses in the employment numbers are both very good news for auto insurance carriers. Why? Because these two factors alone will drastically lower credit scores around the nation, and when your credit score goes down, your auto insurance premiums go up. Most of the insurance industry uses an "insurance score," which is based in largest part upon the way in which consumers handle their credit—including some version of their credit score.
SettlementCentral.Com, Inc. President, Douglas Green, today announced release of a new free directory of legal information to aid consumers in fighting against unearned insurance premium increases.
Green warned that unless millions of consumers take action now, they are likely to face increased auto insurance premiums in the near future. That is because tens of millions of Americans have seen a sharp decline in their credit scores due to the economic crisis. In support of consumers who have suffered economic misfortunes not of their own making, SettlementCentral.Com, Inc. offers guidance and action letters to fight unfair insurance rate increases.
Most people have no idea that their auto insurance premiums are tied to their credit score. Millions of citizens have lost their jobs—or suffered a reduction in hours—and as a consequence of falling behind on their obligations, they have suffered reduced credit scores.
Banks have recently lowered credit card limits on millions of credit card holders, most with satisfactory payment records. That makes their debt-to-limit ratio (also known as the "credit utilization" ratio) less favorable, which in turn likely leads to a lower credit score.
Hence, while these millions of insureds have not become worse drivers overnight, their auto insurance premiums could increase for no reason other than a reduction in their credit score. This is what is known as a windfall profit, since the increased rates have no causal connection to any increased insurance risk.
As the Internet's only self-help personal injury insurance claim resource the mission of SettlementCentral.Com is simply to provide information, forms, and letters to enable injured accident victims to settle their own insurance claims.
Green says, "SettlementCentral.Com teaches accident victims the ropes on insurance settlements; so this consumer outreach is a natural for us." The company has no experience in insurance rate setting or credit scoring issues. But he says that the site's volunteer consumer outreach through allexperts.com brought home the necessity of offing some free consumer guidance during this economic crisis.
"Our volunteer trial attorney, known online as 'Dr. Settlement, J.D.' is highest ranking trial attorney volunteering assistance in the area of auto insurance and claims. He gets hundreds of questions and lately some people asked about their insurance premiums. That is what got the ball rolling on this consumer service project we call 'CONSUMER ALERT: Restrict Credit Scoring during Economic Crisis.'"
The result is a three-pronged effort, according to Green. "Thinking of the consumer first, we made a series of Internet pages of information on credit scoring influences on insurance premiums and how consumers can discover the content of certain sensitive records about them. Then we made up three letters for the consumer to send in order to get the jump on their insurer before rates are raised. Finally, we made a petition to the National Association of Insurance Commissioners, who are meeting on April 30, 2009 to considering this topic. We warned this group of state regulators that they must take action now to stop this potential abusive use of credit scoring during this economic crisis."
CONSUMERS are encouraged to go to www.Settlement
# 3. Released August 4, 2005
Internet Personal Injury Insurance Claim Site to Offer Member Discounts to Patients of Chiropractor Network
Today, the Internet's only self-help personal injury insurance claim resource announced the creation of the SettlementCentral.Com Chiropractor Network: select doctors highly qualified in working with injured car accident victims. Those injured accident patients can obtain a coupon code from their doctor to use for a substantial discount in membership at SettlementCentral.Com.
(PRWEB) August 4, 2005 -- www.SettlementCentral.Com President, Doug Green, today announced creation of a new resource for personal injury accident claim victims: ready reference to select doctors of chiropractic who have demonstrated high quality work in assisting injured accident victims.
According to Mr. Green, "Our members have reported greater success in healing from whiplash and soft tissue injuries with chiropractic care than they did using a medical doctor."
"Chiropractors are highly trained doctors who are fully competent to care for all whiplash and soft tissue injuries from car accidents, severe soft tissue and whiplash injuries are better handled by a chiropractor" according to Mr. Green.
Doctors of Chiropractic are carefully screened before certified to participate in the SettlementCentral.Com Chiropractor Network. They must demonstrate quality care in handling whiplash and soft tissue car accident victims. Anyone who visits the site can access chiropractors in their state by zip code: please see the Listing of highly qualified chiropractors adept at handling car accident whiplash and soft tissues injuries, and in making thorough reports to aid in the personal injury insurance claims process.
Chiropractors also like the idea of their patients being able to settle their own personal injury insurance claims on a self-help basis using the helpful legal forms, templates, insurance adjuster letters, and effective insurance claim demand letters available at www.SettlementCentral.Com.
Leading Kansas City, Missouri chiropractor, Dr. Robbie Killingsworth who is also creator of the injury insurance claim board game Whipcash, stated: "I am from the "show-me" state, and these folks really showed me a whole new advantage for my whiplash and soft tissue car accident patients. I am just thrilled with the whole concept of this service. It gives patients a place to go when they think there is no help to be found."
"They now have access to up-to-date authoritative personal injury claim information. I have reviewed the site and, I will gladly refer my patients to THE authority for Internet personal injury insurance claim settlements. It is just wonderful for the patient that this resource exists."
#2. Released July 6, 2005
First-Ever Self-Help Internet Personal Injury Insurance Claim Site to Offer Free Statute of Limitations Guidance, Letters, Forms
Today, the Internet's only self-help personal injury claim resource announced the release of free directories of legal information designed to assist anyone to settle their own insurance claim. The lead release topic, posted today, is a compendium of information dealing with the first and most important aspect of personal injury settlements: preservation of the insurance injury claim with statute of limitations management.
Seattle, WA (PRWEB) July 6, 2005 -- www.SettlementCentral.Com President, Doug Green, today announced release of a new free directory of legal information to aid site visitors as a guide to top dollar personal injury settlements.
The lead release topic, posted today, is a complete compendium of information dealing with the first and most important aspect of personal injury settlements: preservation of your insurance injury claim with statute of limitations management.
Personal injury attorney, Rob MacDermid, one of the founders of SettlementCentral.Com, observed that: "Each year, hundreds of claims are foreclosed because of the statute of limitations. And it is not just the 'do-it-yourself' insurance injury claimants; many hundreds of claims are lost by languishing on the floor of some busy personal injury attorney's office."
"As with all of the useful tips and instructions on our site, this will be of great use to everyone, irrespective of background. It is easy to follow, and the idea of sending a letter at the outset to confirm the statute of limitations is a 'can't miss" suggestion.'"
#1. Released February 19, 2004
Innovative Website Empowers Consumers to Settle their own Personal Injury Insurance Claim, Save Money
SettlementCentral.Com is the innovative (and exclusive) Internet web site that empowers you to settle your own claim, and keep more of your injury compensation in the end. Did you know that there is no mystery or special expertise needed to prepare and submit your claim, talk to adjusters and medical practitioners, and settle the claim yourself?
Seattle, WA (PRWEB) February 19, 2004 -- Why would anyone want to pay an attorney $4,000 of a $12,000 settlement when they can do it themselves?" Consumers unite! Dont hire that attorney to handle your personal injury claim! Do it yourself, and save their usual and customary fees" for yourself! SettlementCentral.Com is the innovative (and exclusive) Internet web site that empowers you to settle your own claim, and keep more of your injury compensation in the end. Did you know that there is no mystery or special expertise needed to prepare and submit your claim, talk to adjusters and medical practitioners, and settle the claim yourself?
Recently launched, the Seattle-based SettlementCentral.Com is already receiving praise from members who find that handling their own personal injury claim saves them thousands of dollars, and lessens frustration with the entire process. more
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