Insurance Company pays "When Pigs Fly"

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A jury in Boulder, CO, recently hit American Family Insurance with a $3 million verdict over the company's refusal to pay valid insurance claims. The jury heard testimony from former American Family Insurance employees that the company made a habit of intentionally and willfully denying claims of motorists injured in car accidents to save money. While the company continues to deny any wrongdoing, the jury sent American Family Insurance and expensive message of disagreement.

From the article at The Denver Channel:

Nick Peressini was severely injured in a car wreck in 2002 and out of work for more than a year.

"Essentially, after the accident, I never went back to work ... I just needed the money to pay my bills and get my life going again," said Peressini.

American Family Insurance refused to pay Peressini's insurance claim. He was forced to sue -- opening the door to a series of surprising discoveries.

A former American Family Insurance employee described the company culture promoted by a supervisor.

"It was pink pig ... She said it was meant to be that she would approve something when pink pigs fly," said the former employee.

Read the full bad faith insurance article here.