Miami, United States - March 29, 2017 - (Newswire.com)

A death and dismemberment insurance agent grew alarmed when he saw the volume of claims begin to rise in an area of Southern New Jersey. His alarm grew to suspicion when colleagues from a neighboring firm mentioned the same phenomenon. Upon investigation, he discovered that a “clan” of local men had devised an interesting system. The group would purchase individual policies through twenty or thirty different agencies and then, occasionally, sever each other’s fingers! Each claim paid as much as $5,000 per digit.

There are a million stories like this across the insurance industry, and while they are great fodder for cocktail hour they also eat a big hole in company budgets. Inventor Toby Unwin is hoping to change all of this. “It occurred to me that this is a data problem”, he says, and that revelation sparked an idea. What if all of the court cases across the globe were finally searchable from one database?

Several years later the database not only exists it is available to any paying client. The chart below is a product of Unwin’s newly patented system Premonition, and it’s the first published record of lawsuits filed against some of the biggest hitters in the insurance business.

Name	Cases	Days	Wins %
Geico General Insurance Company	7665	234	45.04
Allstate Insurance Company	2064	262	67.54
Citizens Property Insurance Corporation	1902	328	89.78
Florida Peninsula Insurance Company	794	555	60.96
Government Employees Insurance., Company	791	337	60.45
Direct General Insurance Company	742	92	94.43
Heritage Property & Casualty Insurance Company	525	484	62.22
21st Century Centennial Insurance Company	472	127	88.10
Infinity Automobile Insurance Company	407	180	88.49
Automobile Owners Insurance Company	400	137	77.39
American Security Insurance Company	298	347	72.73
Esurance Insurance Company	295	135	85.85
Infinity Indemnity Insurance Company	248	199	69.85
American Family Mutual Insurance Company	243	127	58.48
Garrison Property and Casualty Insurance Company	196	126	71.64
American Integrity Insurance Company of Florida	176	189	69.62
Farm Bureau General Insurance Company of Michigan	176	140	74.67
Interinsurance Exchange of the Automobile Club	146	248	59.05
Amica Mutual Insurance Company	143	103	84.04
Ids Property Casualty Insurance Company	137	162	78.41

Geico topped the list with 7,665 cases over a two-year span. The average case lasted 234 days and they won just 45.04% of the time. By comparison, Allstate, one of Geico’s largest competitors, had 2,064 cases over the same time period. Allstate’s average case lasted for 262 days and they won 65.74% of them. Direct General Insurance Company gave the best legal performance winning close to 95% of their 742 cases and averaging only 92 days per case. 

“Madoff had a string of civil litigation cases before he was uncovered. This happened because people were simply unaware of it.” Says Unwin. Unwin and his partners plan to use data mining to bring transparency to an area that has been traditionally murky for consumers. From insurance claims to the performance of an individual attorney, the Premonition system has all the potential to do just what its founders have promised, “To disrupt the field of law”.

Press Release Service by Newswire.com

Original Source: Premonition Lists the Top 20 Most Sued Insurance Companies of 2017