I would love to see how some of these people would run an insurance company. I can guarantee they would change their minds in a heartbeat! You wouldnt see them writting checks left and right. Nope, they would handle it the same way… As a business and under the guidelines and rules of the state!
I agree with John and Nobody. Anyone who has worked on the insurance end of a claim settlement knows the difficulties and how the cards are stacked against you.
Brilliant. Cards stacked against the insurers? Passion that defies logic?
Better check those insurance record profits for the last several years, INCLUDING years of Katrina and Rita.
Anyone that sides with an insurer that loses all the appeals for the court ruling that required them to produce the documents, then sees it “logical” to release the defendant for the fines that the court imposed for defying the court’s original order is certainly operating under some form of “logic”, but it isn’t one that exists in any sane person’s mind, only in the minds of big insurance that feels they are above the law.
The real irony is, it’s painfully obvious that big insurance is, in fact, above the law. At least above the ones that the average person must obey.
Imagine if an average insured consumer off the street defied a court order like this. Do you really believe that they would be released from the court order and it’s fines, or tossed in jail in a heartbeat for defying the court order?
As a person that deals with insureds, and insurers, daily, I see both sides. And I can state from experience, that the insurers are the ones that need to be reigned in, not insureds. Daily I see claims lowballed by 50%, policy terms that do not exist “enforced”, claimants that are unable to confirm coverage for weeks, claims that are not paid within state timely payment of claims laws, blatant fraud committed by insurers against their own insureds defined specifically by state laws, and finally, a total lack of enforcement by state officials that mostly come from the insurance industry and are placed into regulatory positions.
Insurers simply need to have their feet held to the fire to deliver what they sold. Indemnification.
To that point: How can it be explained that insurers are still selling hurricane coverage that excludes both wind, and water?
The “Four D’s” are fully in play: Delay, Deny, Defend, and finally, Deflect, by the insurers.
The average person cannot possibly hope for justice when fighting a Goliath that has the court system both bought and paid for.
Insurer’s hands tied? Passion with no logic? Stand in the shoes of a claimant who has just lost everything and then finds out the coverage they paid for for decades is only worth a fraction of what they thought it was, or what the policy actually states, and your views may change quickly. If you tell me you have been a claimant and had no complaints, then it will be obvious to me that you were treated differently because you work for the insurance industry.
This is as clueless and uninformed a post as I have seen in some time. There are no facts in your post. That is my informed opinion. Who are you, a trial lawyer or Robert Hunter?
Trial lawyer or Robert Hunter? LOL That’s just too funny. Why would you assume such?
The facts of denials, lowballing, industry profits, and lack of enforcement by regulators are common and are available on the internet through news articles, insurance industry press releases, and finally court documents; none of which involve trial lawyers sites or Mr. Hunter or internet blogs. My personal dealings with insurers and consumers alike bring the revelations that there is truth to the allegations. Do your own research, you need not take my word for anything.
To the rest, obviously, I will not post details of individuals confidential claims information to justify to you my facts; but then you already knew that, hence your baited reply to get me to do so to then discredit my post as having lack of facts.
My information and facts go to proper authorities, thank you.
These “lowball” offers you refer to are not the stragetic masterminding of the insurance company as you see them. Anyone who knows the first thing about insurance estimating knows that pricing for FIRST party settlement is based on estimating software that is used across both the insurance and construction industries.
Then, perhaps, Two Cents, you might explain why insurers have their own versions of software while repair vendors have different versions of the same supposed software?
You might also explain why insurers sit on advisory committees to these software vendors, but repair vendors don’t?
You need to do some of your own research also.
You might also check to see who some of the private investors are that are now in ownership of those software/estimating vendors.
Finally, there are some that have been watching closely the manipulation of the databases in those software systems of which you speak.
Oh, and BTW, those are “estimating guides” not bibles.
Doesn’t anyone see the reason and logic in fairly and quickly settling claims? The more you drag your feet and stall, the greater the likelihood of ‘bad blood’, attorney involvement, and increased allocated loss adjustment expense. You don’t build a longstanding successful business by repeatedly ripping off your customer base. You also don’t build it by handing your company checkbook over to your insureds.
I have never worked personal lines which may be very different but at all the commercial carriers I’ve been with, nobody was out to get the customer.
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So, in the end, no real penalty for stonewalling and obstruction? This only encourages repeat performances and more of the same.
Wiat until you see what they do next time.
Chump justice.
Media moron strikes again. You have to love consistency. This person hates insurers with a passion. No logic or sense, but lot’s of passion.
I would love to see how some of these people would run an insurance company. I can guarantee they would change their minds in a heartbeat! You wouldnt see them writting checks left and right. Nope, they would handle it the same way… As a business and under the guidelines and rules of the state!
I agree with John and Nobody. Anyone who has worked on the insurance end of a claim settlement knows the difficulties and how the cards are stacked against you.
Brilliant. Cards stacked against the insurers? Passion that defies logic?
Better check those insurance record profits for the last several years, INCLUDING years of Katrina and Rita.
Anyone that sides with an insurer that loses all the appeals for the court ruling that required them to produce the documents, then sees it “logical” to release the defendant for the fines that the court imposed for defying the court’s original order is certainly operating under some form of “logic”, but it isn’t one that exists in any sane person’s mind, only in the minds of big insurance that feels they are above the law.
The real irony is, it’s painfully obvious that big insurance is, in fact, above the law. At least above the ones that the average person must obey.
Imagine if an average insured consumer off the street defied a court order like this. Do you really believe that they would be released from the court order and it’s fines, or tossed in jail in a heartbeat for defying the court order?
As a person that deals with insureds, and insurers, daily, I see both sides. And I can state from experience, that the insurers are the ones that need to be reigned in, not insureds. Daily I see claims lowballed by 50%, policy terms that do not exist “enforced”, claimants that are unable to confirm coverage for weeks, claims that are not paid within state timely payment of claims laws, blatant fraud committed by insurers against their own insureds defined specifically by state laws, and finally, a total lack of enforcement by state officials that mostly come from the insurance industry and are placed into regulatory positions.
Insurers simply need to have their feet held to the fire to deliver what they sold. Indemnification.
To that point: How can it be explained that insurers are still selling hurricane coverage that excludes both wind, and water?
The “Four D’s” are fully in play: Delay, Deny, Defend, and finally, Deflect, by the insurers.
The average person cannot possibly hope for justice when fighting a Goliath that has the court system both bought and paid for.
Insurer’s hands tied? Passion with no logic? Stand in the shoes of a claimant who has just lost everything and then finds out the coverage they paid for for decades is only worth a fraction of what they thought it was, or what the policy actually states, and your views may change quickly. If you tell me you have been a claimant and had no complaints, then it will be obvious to me that you were treated differently because you work for the insurance industry.
That’s my viewpoint.
This is as clueless and uninformed a post as I have seen in some time. There are no facts in your post. That is my informed opinion. Who are you, a trial lawyer or Robert Hunter?
A typical, predictable, and expected reply.
Trial lawyer or Robert Hunter? LOL That’s just too funny. Why would you assume such?
The facts of denials, lowballing, industry profits, and lack of enforcement by regulators are common and are available on the internet through news articles, insurance industry press releases, and finally court documents; none of which involve trial lawyers sites or Mr. Hunter or internet blogs. My personal dealings with insurers and consumers alike bring the revelations that there is truth to the allegations. Do your own research, you need not take my word for anything.
To the rest, obviously, I will not post details of individuals confidential claims information to justify to you my facts; but then you already knew that, hence your baited reply to get me to do so to then discredit my post as having lack of facts.
My information and facts go to proper authorities, thank you.
These “lowball” offers you refer to are not the stragetic masterminding of the insurance company as you see them. Anyone who knows the first thing about insurance estimating knows that pricing for FIRST party settlement is based on estimating software that is used across both the insurance and construction industries.
Then, perhaps, Two Cents, you might explain why insurers have their own versions of software while repair vendors have different versions of the same supposed software?
You might also explain why insurers sit on advisory committees to these software vendors, but repair vendors don’t?
You need to do some of your own research also.
You might also check to see who some of the private investors are that are now in ownership of those software/estimating vendors.
Finally, there are some that have been watching closely the manipulation of the databases in those software systems of which you speak.
Oh, and BTW, those are “estimating guides” not bibles.
Doesn’t anyone see the reason and logic in fairly and quickly settling claims? The more you drag your feet and stall, the greater the likelihood of ‘bad blood’, attorney involvement, and increased allocated loss adjustment expense. You don’t build a longstanding successful business by repeatedly ripping off your customer base. You also don’t build it by handing your company checkbook over to your insureds.
I have never worked personal lines which may be very different but at all the commercial carriers I’ve been with, nobody was out to get the customer.