Note:  The insurance industry trade referenced ‘White Paper’, substantiates and documents irrefutable and undeniable evidence and proof as to the past occurrences and present existence of bad faith insurance which remains unchallenged by the insurance industry and will remain so because the underlying basic premises of the piece are so well documented that it is beyond the abilities of even the most accomplished and mastered liars for the most powerful and rigged system in America to be able to argue against.  Other than silence by the industry in hopes not to bring attention to the controversial document, the only response by the industry has been by a few trade press publications that have admittedly indicated their suspicions of the existence of bad faith for a long time as their published responses are all in complete agreement with the white paper document.  ‘All’ related insurance industry trade press reviews and commentaries that are known to exist are included below.  The authoritative white paper document has never before been exposed, revealed or shown to the American Public.  Maintained as one of the industry’s most closely guarded secrets, it took FBIC two years before it became aware and was able to secure a copy of the industry’s most closely guarded document, uncover and expose what comes down to an admission of guilt by the most secretive and powerful industry of our times.  Appropriate of its trade orientation focus, the white paper is entitled “The Loss Of The Certainty Effect”.  (Had it been published for the American Public’s consumer eyes to see, it would have been more aptly entitled “The Loss Of Good Faith Insurance” or “The Loss Of Insurance Paying Claims”.)  The white paper described by many within the industry as a “brilliant masterpiece” is co-authored by two insurance industry ‘insiders’ and top-most leaders, Richard E. Stewart and Barbara D. Stewart. To view Richard E. Stewart’s Bio click here.  To view Barbara D. Stewart’s Bio click here. The White Paper along with ‘all’ related trade press reviews and commentaries available are included herein and follow.

 

• “The Loss Of The Certainty Effect” by Richard E. Stewart and Barbara D. Stewart.  Risk Management and Insurance Review.  Click here, to view the original article in its original format.

(PDF format)

• Insurance industry trade press publication review and commentary (of “The Loss Of The Certainty Effect” written by the Stewarts) called “A Death Spiral?” written by Editor H. Felix Kloman,   published by Risk Management Reports, June 2002.  Click here to view the review and commentary “A Death Spiral”?
• Insurance industry trade press publication review and commentary (of “The Loss Of The Certainty Effect” written by the Stewarts) from “IRMI Update” June 18, 2002 written by Jack P. Gibson, President and Editor, published by International Risk Management Institute.   Risk Management Magazine, February 2003.   Click here to view the review and commentary “The Decline of Certainty”.
• An independent insurance industry trade press publication review and commentary (of “The Loss Of The Certainty Effect” written by the Stewarts) is entitled “The Non-Payment Of Insurance Claims” written by editor Joseph M. Belth, PhD as published by The Insurance Forum, October 2002 Edition.  At The Insurance Forum’s special request to meet their format, the Stewart’s prepared “a shortened, non-technical version” of “The Loss Of The Certainty Effect” for publication in The Insurance Forum”.  The abridged version of “The Loss Of The Certainty Effect” written by the Stewarts and published by The Insurance Forum along with The Insurance Forum’s review and commentary entitled “The Non-Payment Of Insurance Claims” are both published in The Insurance Forum’s same October 2002 Edition.  The edition is available for purchase directly from The Insurance Forum by contacting them through their website (www.theinsuranceforum.com).  The Insurance Forum’s review and commentary is also in full agreement. As quoted from their commentary, Belth states “I have known and respected the Stewarts for many years. I first met Mr. Stewart shortly after he was appointed Superintendent of Insurance in 1967 by Governor Nelson A. Rockefeller of New York. I found the article provocative. In my view, the implications of widespread claim denials extend well beyond commercial property-liability insurance lines. I think many of the ideas presented by the Stewart’s also apply to such individual lines as medical expense insurance, disability income insurance, homeowners insurance and automobile insurance.” (Of FBIC note: FBIC research and data confirms Mr. Belth’s insight in this regard as correct as FBIC research and data is in agreement and supports his thoughts and statement.  FBIC data indicates and reveals that the greatest insurers abuses of illegal mass denials of coverage, bad faith claim settlement practices and non-payment of claims are in the auto, homeowners, workmen’s compensation, health and disability insurance lines.)
• An independent review and commentary from FBIC (of “The Loss Of The Certainty Effect” written by the Stewarts) is provided in the text of its website homepage.   Click here to go to the beginning of FBIC’s story, review and commentary.  (The Press is welcome to contact FBIC directly for further comment, just click here to send FBIC an email requesting comment and remember to include your name and tel. number.)