It is good that you now work on your client’s side. Teach them how to become self-insured and saved them even more money. After all, you are paid to save your client’s money. What is the hold up?
Not only did Marsh & AON as well as AIG screw billions out of the policy holders they laughed about it at dinner that cost thousands of dollars. The sad thing is now the people involved are with other companies as executives pretending to be the good guys. Spitzer didn’t even scratch the surface and it was a game to hide as much as possible in audits so when it came to the real nut busting by regulators they wouldn’t get caught.
As a recent former employee I can tell all that the culture at Marsh is not one of service. I was with the company 17 years and had finally had enough. They have horrible management at all levels and very few of the truly talented workforce is left. I wish my formwe co-workers the best and hope they get out while the ship is still floating.
Geee. I was being considered for a top management position in LA. I won’t say what division. I went all the way through the process, fly to NY to interview and a few of the high level people in NY that interviewed me were very qualified, but two of them in particular were not. One ran a division of the company pbut had never actually been to the facility itself, (Ivory Tower) and the other talked on her cell phone with her daughter during my entire lunch interview. Hmmmmmm.
December 26, 2007, 9:42 am CST
Posted By: Strategist
Comment:
It is good that you now work on your client’s side. Teach them how to become self-insured and saved them even more money. After all, you are paid to save your client’s money. What is the hold up?
GOOD for all of us we will tell the real news!!Thank you!! xs_casualty
Comment:
Not only did Marsh & AON as well as AIG screw billions out of the policy holders they laughed about it at dinner that cost thousands of dollars. The sad thing is now the people involved are with other companies as executives pretending to be the good guys. Spitzer didn’t even scratch the surface and it was a game to hide as much as possible in audits so when it came to the real nut busting by regulators they wouldn’t get caught.
Before I can tell you more, I would need to know what your clients pay in premiums and what the insurance company pays out in losses.
For example, if your client paid $750,000.00 in premiums and the insurance company paid out $250,000.00 in losses for a given year, there is a $500,000.00 profit for the insurance carrier.
If this continued for 5 years, your client would have paid 3.75 million dollars in premiums and the insurance company would have paid out only 1 million. This would be a 2.75 million dollar profit for the insurance company.
Based on this example, it would be sound business for your client to become self-insured. Becoming self—insured, your client would have profited 2.75 million rather than the insurance company.
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It is good that you now work on your client’s side. Teach them how to become self-insured and saved them even more money. After all, you are paid to save your client’s money. What is the hold up?
Not only did Marsh & AON as well as AIG screw billions out of the policy holders they laughed about it at dinner that cost thousands of dollars. The sad thing is now the people involved are with other companies as executives pretending to be the good guys. Spitzer didn’t even scratch the surface and it was a game to hide as much as possible in audits so when it came to the real nut busting by regulators they wouldn’t get caught.
As a recent former employee I can tell all that the culture at Marsh is not one of service. I was with the company 17 years and had finally had enough. They have horrible management at all levels and very few of the truly talented workforce is left. I wish my formwe co-workers the best and hope they get out while the ship is still floating.
Geee. I was being considered for a top management position in LA. I won’t say what division. I went all the way through the process, fly to NY to interview and a few of the high level people in NY that interviewed me were very qualified, but two of them in particular were not. One ran a division of the company pbut had never actually been to the facility itself, (Ivory Tower) and the other talked on her cell phone with her daughter during my entire lunch interview. Hmmmmmm.
Hiring Rob Nardelli
Hmmmm, let’s see. Spitzer is off to Albany, no longer campaigning on the demise of the rich and arrogant MMC, so Cherask is canned.
December 26, 2007, 9:42 am CST
Posted By: Strategist
Comment:
It is good that you now work on your client’s side. Teach them how to become self-insured and saved them even more money. After all, you are paid to save your client’s money. What is the hold up?
GOOD for all of us we will tell the real news!!Thank you!! xs_casualty
Comment:
Not only did Marsh & AON as well as AIG screw billions out of the policy holders they laughed about it at dinner that cost thousands of dollars. The sad thing is now the people involved are with other companies as executives pretending to be the good guys. Spitzer didn’t even scratch the surface and it was a game to hide as much as possible in audits so when it came to the real nut busting by regulators they wouldn’t get caught.
Before I can tell you more, I would need to know what your clients pay in premiums and what the insurance company pays out in losses.
For example, if your client paid $750,000.00 in premiums and the insurance company paid out $250,000.00 in losses for a given year, there is a $500,000.00 profit for the insurance carrier.
If this continued for 5 years, your client would have paid 3.75 million dollars in premiums and the insurance company would have paid out only 1 million. This would be a 2.75 million dollar profit for the insurance company.
Based on this example, it would be sound business for your client to become self-insured. Becoming self—insured, your client would have profited 2.75 million rather than the insurance company.
Strategist