Finally, someone really telling it like it is in Florida. I guess the wrong women was elected in Florida for the office of insurance. This one is smart. you go girl
Wonder what she did with the 2006 profits? How can a public adjuster cause a claim to be more or less than it is? My brother had a claim in 2004 and was paid $15,000.00 settlement. He retained a public adjuster and collected an additional $35,000.00. How could the company adjuster underpay someone by $35,000.00. This is a simple fix and repair claim, not long term disability and pain & suffering.
There are very few good policticians and even less public adjusters. Too much corruption and the people paying the tab. these two should be avoided at all cost or better yet eliminated.
That’s right, we should get rid of all barriers to the insurance companies paths to profits (PAs & laws). They’re suffering soooo much! What were their profits in ’04, ’05 & ’06?
This is a free country, and a right to work state! Do a public poll, see how many disgruntled insureds there are getting unfair treatment by insurance companies vs. public adjusters.
There is an obvious disconnect about insurance company claim practices and the insuring public. Just ask Trent Lott (Mississippi). Maybe she should speak to the thousands of claim victims in Florida that were victimized by unscrupulous insurance claims adjusters after the storms. I am sure they far out weigh the numbers the number of claims a few “bad apples” public adjusters contributed to.
I agree there are some unscrupulous PA’s but I believe the majority of them are not. It still goes back to the main issue of the Independant and in house company adjusters not adjusting these claims fairly. I know from meeting many of them in the field that there are some very good and fair IA’s and Company adjusters. However, if the insurance industry’s priority was fair payment of their claims I and many of my collegues would not have the opportunity to pursue these additional funds; both for ourselves and the insured. I am sure we will have work for a long time. JF
It is unfortunate that Coral Insurance did not do an appropriate market research in order to asses their risk. It is easier to blame the Hurricanes, the housing market and the public adjusters than to be accountable and realize they took a bigger bite than they can chew.
RG
The PA’s and folks like you who arm chair quarterback have no idea what it is like to be in the game. Risk management is pretty “risky” in Florida and made worse by a liberal legislature who is content with the Status Quo instead of seeking meaningful refrom that will attract more competition to the Florida Marketplace.
More “State” involvement in the insurance business is NOT what is needed. Government and underpriced “Crist Insurance” will bankrupt the State with one major storm and may never be able to deliver on all the promises it has made. If you think you have seen problems with claims from 2004 adn 2005 wait til you see what happens when the next big storm hits.
What we need are people in the legislative process who will listen to the the truth about what the problems are and do something about it other than offer sound bites that alienate the insurance industry from wanting to do business down here.
The enemy is NOT the insurance industry, its ignorance of the what the real issues are. Our apathy and lack of knowledge are killing us.
If the industry was the problem and profits were what people think they are then everybody and their brother would be down here writing insurance. However, writing coastal insurance is at best a crap shoot and pricing it………….you might as well guess how much you need then double it you still would not know how much it might end up eventually costing you.
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Amen, sister!!!!!
Finally, someone really telling it like it is in Florida. I guess the wrong women was elected in Florida for the office of insurance. This one is smart. you go girl
Wonder what she did with the 2006 profits? How can a public adjuster cause a claim to be more or less than it is? My brother had a claim in 2004 and was paid $15,000.00 settlement. He retained a public adjuster and collected an additional $35,000.00. How could the company adjuster underpay someone by $35,000.00. This is a simple fix and repair claim, not long term disability and pain & suffering.
There are very few good policticians and even less public adjusters. Too much corruption and the people paying the tab. these two should be avoided at all cost or better yet eliminated.
That’s right, we should get rid of all barriers to the insurance companies paths to profits (PAs & laws). They’re suffering soooo much! What were their profits in ’04, ’05 & ’06?
This is a free country, and a right to work state! Do a public poll, see how many disgruntled insureds there are getting unfair treatment by insurance companies vs. public adjusters.
There is an obvious disconnect about insurance company claim practices and the insuring public. Just ask Trent Lott (Mississippi). Maybe she should speak to the thousands of claim victims in Florida that were victimized by unscrupulous insurance claims adjusters after the storms. I am sure they far out weigh the numbers the number of claims a few “bad apples” public adjusters contributed to.
I agree there are some unscrupulous PA’s but I believe the majority of them are not. It still goes back to the main issue of the Independant and in house company adjusters not adjusting these claims fairly. I know from meeting many of them in the field that there are some very good and fair IA’s and Company adjusters. However, if the insurance industry’s priority was fair payment of their claims I and many of my collegues would not have the opportunity to pursue these additional funds; both for ourselves and the insured. I am sure we will have work for a long time. JF
Clearly you are unfamiliar with South Florida public adjusters.
It is unfortunate that Coral Insurance did not do an appropriate market research in order to asses their risk. It is easier to blame the Hurricanes, the housing market and the public adjusters than to be accountable and realize they took a bigger bite than they can chew.
RG
Well, at least they (Coral) ARE in the market.
The PA’s and folks like you who arm chair quarterback have no idea what it is like to be in the game. Risk management is pretty “risky” in Florida and made worse by a liberal legislature who is content with the Status Quo instead of seeking meaningful refrom that will attract more competition to the Florida Marketplace.
More “State” involvement in the insurance business is NOT what is needed. Government and underpriced “Crist Insurance” will bankrupt the State with one major storm and may never be able to deliver on all the promises it has made. If you think you have seen problems with claims from 2004 adn 2005 wait til you see what happens when the next big storm hits.
What we need are people in the legislative process who will listen to the the truth about what the problems are and do something about it other than offer sound bites that alienate the insurance industry from wanting to do business down here.
The enemy is NOT the insurance industry, its ignorance of the what the real issues are. Our apathy and lack of knowledge are killing us.
If the industry was the problem and profits were what people think they are then everybody and their brother would be down here writing insurance. However, writing coastal insurance is at best a crap shoot and pricing it………….you might as well guess how much you need then double it you still would not know how much it might end up eventually costing you.