The Unmitigating Arrogance of Farmers Insurance Group's $700 NFL Naming Rights
Previously I wrote about the poor client whose case had drug on for over 900 days with the defendant admitting liability, but the insurance company not even offering a single dollar. See the linked article and I'll remind you that this small case has had 5 insurance companies, 9 adjusters, a defense lawyer and 26 medical service providers. The case is all about keeping the insurance industry and the defense establishment fat and happy - it has little to do with the two people that want this all to be over with. (The two car drivers.)
After Congress should we ditch the insurance industry?
Just when I thought it couldn't get any worse a story comes out about the insurance company involved, Farmers Insurance Group, [FIG] confirms that the insurance industry is conning us all. You see FIG is spending $700 million to have it's name on a stadium that isn't even built yet. I bet they didn't take over 1,000 days to make that decision. In this shell game there is nothing for the working mother who has the bad luck of getting in a car accident and having the other guy insured with FIG; but there is $700,000,000.00 for the NFL for a stadium that is yet to be built.
Score: NFL-FIG - 700,000,000 vs Working and Insured Taxpayers of America - 0
Insurance arrogance in America is something the lawyers that represent working mothers and fathers face daily. We see the hypocrisy of blaming insurance claims for having a negative effect on underwriting and insurance premiums in general. But that couldn’t be further from the truth and if you think about it you'd see that, because even when claims drop premiums head north. If the truth be told its CEO arrogance that costs you who pay the premiums. Look at this article and the letter I wrote this past week to the defense attorney for Farmers Insurance Group (FIG). The case is a simple rear-end collision that has gone on more than 1,000 days since the date of the accident. As of yet I don’t even have an offer to settle and won’t until we reach the courthouse steps. And why? Because that's FIG's business model. What most working people don’t realize is that until you have an accident and get to experience the system you won’t really understand what tort-reform is all about. It's all about promoting the float.
If image is everything to the NFL, then ditch FIG and their $700 million.
Mr. Defense Attorney
Des Moines, Iowa
Dear Mr. Insurance Defense Attorney:
My client reviewed the medical exhibits and pointed out I was missing an $85 charge for PT on 4/28/2008. I've added that entry. You won’t pay it, and we both know your job is to delay making any payments for as long as the legal system allows you to ignore my client, the injured person. The jury will allow you to do so, because the law won’t allow the jury to know there is insurance and how they have treated this nice woman whose only fault was being on the interstate (I-235 in Des Moines) driving home after work when your client ran into the rear end of her car. Not letting the jury know there is insurance is what this is really all about; that way you can continue the allusion that the insurance industry is the one being cheated, when you and I know that’s complete opposite from the truth.
The man who ran into the back of this nice lady wants this over as well. But like the injured woman he too is being ignored all for the sake of promoting the insurance float.
Today is the 1,036th day after the accident. Interesting, I bet you didn't know that. Hey did you see where Farmer's Insurance Group of Cos is spending $650 to $700 million to have their name emblazoned across a football stadium in Los Angeles; a stadium that has yet to be built? Meanwhile unofficially unemployment is at 20%, officially around 10%. I wonder if this could have something to do with why people in general are angry with judges, lawyers and the insurance industry. They are angry at the people in power who promote their own interests at the expense of those they are supposed to be helping.
BTW, who is your client’s insurance company? Oh my I think its Farmers, aka FIG. I see that all is well in the insurance-law business.
Steve Lombardi, Attorney
PS: Here is a fun site to go to. I'm thinking I'd like to retire sometime in the next ten years so please pass it on to FIG.
Stephen D. Lombardi Attorney
Lombardi Law Firm
1300 37th Street, Suite 6
West Des Moines, IA 50266
Office: 515-222-1110
Fax: 515-222-0718
Website: www.Lombardilaw.com
Email: sdlombardi@aol.com
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January 31, 2011|By Sam Farmer - Backers of a plan to build a football stadium in downtown Los Angeles are set to announce Tuesday that they have reached a naming-rights deal worth $700 million, which would be the most valuable such agreement ever and a significant step toward bringing an NFL team to Los Angeles. AEG, the huge entertainment company that, among other holdings, owns Staples Center and the L.A. Live complex, plans to announce a 30-year agreement with Farmers Insurance. The deal would provide AEG's proposed project a crucial chunk of contractually obligated income, starting at $20 million for the first year and escalating incrementally every year after, according to individuals familiar with the negotiations but not involved in them. The stadium would be named Farmers Field.

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