No pain and suffering–what is the trial lawyer industry going to do? Must…Have…Pain…and…Suffering! And how do they prove gross negligence beyond a reasonable doubt? They sue! And back in the trial line goes the claim and we wait. And wait.
This is nothing new as most respectable insurance companies have advocated early settlement offers for decades. Prompt contact, timely investigation, liability assessment, and damages/injury evalustion = the ability to make a prompt offer. Insurance companies have shot themselves in the foot by reducing claims staff and preventing such quick response. The only claims that get better with age are scarring.
I have to hand it to the prof, he almost got it, but he didn’t share resources properly. Under my plan, I guarantee that anyone making a claim will share all proceeds equally, and claim payments will be determined by the amounts available to pay claims divided by the number of claims in a year. My plan may lower settlement amounts by 50% or more. I know what you’re thinking, what about my pain and suffering, my medical bills, etc. First of all, under my plan, everyone gets paid. Additionally, medical bills will be covered under my universal plan. All you have to give up is a bit of pain/suffering, but we all share alike under this plan. This will also assist the insurers, as they will have a much better idea of what claims are to be paid.
I also have a plan to guarantee customer satisfaction for insurance companies: it’s simple, if you are not satisfied, you don’t pay your premium! You only pay your premium at the end of the policy cycle, and only if you are satisfied. That way all carriers will have to provide the ultimate in service, otherwise the customer walks…imagine what would have happened after Katrina…better service!
That a good idea, Mr. B, one that I could get behind. I am finally proud to be an insured American because of ideas for change like B’s. This is change I can believe in, change I’ve been waiting for…it stirs my sould and sings to me…
you can be part of change in America; read my idea and you too will know why you have been waiting so long for me and waiting so long for change because I will be that change that you so long have been waiting for that has gone unchanged for so long.
¡Caramba muchachos!
What a wonderful idea. I could make an offer to the insurance company of what I would accept for my injury and my pain and even for the suffering I would have to go through if they gave me any lip. Of course I would explain that my offer would not be loaded for my attorney expenses or lost work time, or having to be away from my family, etc. etc. I am sue they would agree that I was being fair. A lump sum of money up front to me would save them from have to pay bookkeeping costs and doing audits and stuff. And the lump sum I would ask for would really be less than if they had to pay out over time because I would make interest on the money so I would pass the savings on to them. ¿What do you think, amigo?
The plan to gurantee customer satisfaction is a great idea and carriers should provide the ultimate service but to not pay the premium for not being satisfied, not a good idea…there will be alot of unsatisfied people not paying their premium!
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.
No pain and suffering–what is the trial lawyer industry going to do? Must…Have…Pain…and…Suffering! And how do they prove gross negligence beyond a reasonable doubt? They sue! And back in the trial line goes the claim and we wait. And wait.
This is nothing new as most respectable insurance companies have advocated early settlement offers for decades. Prompt contact, timely investigation, liability assessment, and damages/injury evalustion = the ability to make a prompt offer. Insurance companies have shot themselves in the foot by reducing claims staff and preventing such quick response. The only claims that get better with age are scarring.
Typical of most of the professors I encountered—those that can, do. Those that can’t, teach.
I have to hand it to the prof, he almost got it, but he didn’t share resources properly. Under my plan, I guarantee that anyone making a claim will share all proceeds equally, and claim payments will be determined by the amounts available to pay claims divided by the number of claims in a year. My plan may lower settlement amounts by 50% or more. I know what you’re thinking, what about my pain and suffering, my medical bills, etc. First of all, under my plan, everyone gets paid. Additionally, medical bills will be covered under my universal plan. All you have to give up is a bit of pain/suffering, but we all share alike under this plan. This will also assist the insurers, as they will have a much better idea of what claims are to be paid.
I also have a plan to guarantee customer satisfaction for insurance companies: it’s simple, if you are not satisfied, you don’t pay your premium! You only pay your premium at the end of the policy cycle, and only if you are satisfied. That way all carriers will have to provide the ultimate in service, otherwise the customer walks…imagine what would have happened after Katrina…better service!
That a good idea, Mr. B, one that I could get behind. I am finally proud to be an insured American because of ideas for change like B’s. This is change I can believe in, change I’ve been waiting for…it stirs my sould and sings to me…
you can be part of change in America; read my idea and you too will know why you have been waiting so long for me and waiting so long for change because I will be that change that you so long have been waiting for that has gone unchanged for so long.
¡Caramba muchachos!
What a wonderful idea. I could make an offer to the insurance company of what I would accept for my injury and my pain and even for the suffering I would have to go through if they gave me any lip. Of course I would explain that my offer would not be loaded for my attorney expenses or lost work time, or having to be away from my family, etc. etc. I am sue they would agree that I was being fair. A lump sum of money up front to me would save them from have to pay bookkeeping costs and doing audits and stuff. And the lump sum I would ask for would really be less than if they had to pay out over time because I would make interest on the money so I would pass the savings on to them. ¿What do you think, amigo?
The plan to gurantee customer satisfaction is a great idea and carriers should provide the ultimate service but to not pay the premium for not being satisfied, not a good idea…there will be alot of unsatisfied people not paying their premium!
Thanks for the chuckles!
Surge, surge, surge, surge, surge…..