Biggest Home Insurance Companies Denied Nearly Half of Last Year’s Claims

A new Wall Street Journal study finds that the five biggest home insurers, Allstate, State Farm, Liberty Mutual, United Services Automobile Association, and Farmers Insurance, denied nearly half of all claims last year. The primary driver is an increase in deductibles, which insurers claim is being done to compensate for an increase in weather-related catastrophes. Professor Richard Wolff and producer Nicole Roussell discuss. Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.