Hmmm…Isn\’t it interesting how math eventually tells it\’s tale.
So could insurance companies like Allstate, State Farm, Safeco, Farmers, etc. intentionally and selectively underpay daily and catastrophe claims to create contingent profits?
Will objective market conduct exams show that some actuaries and accountants have not been playing fairly?
Are the DOI\’s strong enough to handle the results of their findings, and (informed) public scrutiny?
Is Enron a touchstone as to what is coming in discovery / public disclosure?
To Allstate – Instructing your \”adjusters\” to \’intentionally underpay every claim in Texas is…beyond words.
To Allstate/Pilot Claim Service and State Farm – Pretending to untold thousands of hurricane Rita victims in South East Texas (Beaumont, Mauriceville, Port Arthur, Nederland, Lumberton, Sabine Pass) that common and blatant shingled roofing system damage* is non-damage is…beyond words.
To other insurers and adjusters;
Pretending to claimants that primary – general contractors are not \’allowed\’ to apply their business markup and profit to single trade (roofing, carpeting, fencing) replacement/reconstruction projects, is a financial scheme you may want to rethink.
*90-100+MPH wind carried debris slamming onto homes and businesses for 6-7 hours ground down fiberglass shingles surface components (asphalt / granules), in some cases, down to the fiberglass mat, and the wind also lifted/broke the tar sealant bonds that keep shingles attached to each other (for strength and weather resistance). That damage/breakage left wind debris under the shingles, and subsequently unable to thermally reseal.
Allstate Insurance/Pilot Claim Service and State Farm both claimed, to untold numbers of trusting hurricane Rita claimants, that such common wind damage was not damage they recognized.
So, can the general public / mass media be given one set of insured loss dollar math, and then insurers quietly \”readjust\” their losses on the fly via underhanded / deceptive loss claim \”adjusting\” techniques that are hard to detect, so as to prop up their books, and make illicit actuarial / accounting practices look legitimate?
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
10-11-2006
Hmmm…Isn\’t it interesting how math eventually tells it\’s tale.
So could insurance companies like Allstate, State Farm, Safeco, Farmers, etc. intentionally and selectively underpay daily and catastrophe claims to create contingent profits?
Will objective market conduct exams show that some actuaries and accountants have not been playing fairly?
Are the DOI\’s strong enough to handle the results of their findings, and (informed) public scrutiny?
Is Enron a touchstone as to what is coming in discovery / public disclosure?
To Allstate – Instructing your \”adjusters\” to \’intentionally underpay every claim in Texas is…beyond words.
To Allstate/Pilot Claim Service and State Farm – Pretending to untold thousands of hurricane Rita victims in South East Texas (Beaumont, Mauriceville, Port Arthur, Nederland, Lumberton, Sabine Pass) that common and blatant shingled roofing system damage* is non-damage is…beyond words.
To other insurers and adjusters;
Pretending to claimants that primary – general contractors are not \’allowed\’ to apply their business markup and profit to single trade (roofing, carpeting, fencing) replacement/reconstruction projects, is a financial scheme you may want to rethink.
rogerpoegc@yahoo.com
*90-100+MPH wind carried debris slamming onto homes and businesses for 6-7 hours ground down fiberglass shingles surface components (asphalt / granules), in some cases, down to the fiberglass mat, and the wind also lifted/broke the tar sealant bonds that keep shingles attached to each other (for strength and weather resistance). That damage/breakage left wind debris under the shingles, and subsequently unable to thermally reseal.
Allstate Insurance/Pilot Claim Service and State Farm both claimed, to untold numbers of trusting hurricane Rita claimants, that such common wind damage was not damage they recognized.
So, can the general public / mass media be given one set of insured loss dollar math, and then insurers quietly \”readjust\” their losses on the fly via underhanded / deceptive loss claim \”adjusting\” techniques that are hard to detect, so as to prop up their books, and make illicit actuarial / accounting practices look legitimate?
Investigative market conduct survey says…