Subro, you idiot, it wouldn\’t have been that high of a settlement if they hadn\’t of taken so damn long. Give me a break! And she\’s not from Canada, did you even read the article? She\’s from Ireland, living in Washington, and was drving in BC. Now I know why subrogation takes so damn long, we have stupid people like you working there!
\”Why didn\’t Farmer\’s tender the $100k owed in addition to the $10,000 in medical benefits and then submit the matter to Arbitration, blah blah blah…\”
Because denying claims is their business – just like sniffing **** is a dog\’s business.
Why didn\’t Farmer\’s tender the $100k owed in addition to the $10,000 in medical benefits and then submit the matter to Arbitration (at their expense) to determine whether the $150k or the $100k was the proper limit to attach to this claim. Prompt tender of the $100k which was not in dispute should have been made with a reservation regarding the additional sums. They settled for $760,000 – of that it appears $10k was for medical benefits. They ultimately paid at least $600k more than was potentially due this victim. This battle was an unwise investment for Farmers and their stockholders. Appears Farmers needs to invest in better management of their assets or they won\’t have any to manage.
Interesting that you hadn\’t bothered to re-read your own comments on this subject prior to posting this one. You are saying in this one that insurance companies are there for their consumers 100%- yet one of your comments in your original posts \” People, please understand that it is the business of the insurance company to deny claims! It is all about money folks…if you don\’t like it, change your insurance company and stop complaining like a bunch of old ladies\”
So which is it? There 100% or in the business to deny claims- the two are opposite ends of the spectrum. I am unable to find any reasoning that supports your 100% theroy, how\’s \”being there\” translate to making the claim process so difficult for the woman.
Farmits paid far more than they would have if they had just settled eons ago. Great forsight, a trained monkey would have seen this coming. Now Farmers is in serious need of Tom Cruise\’s PR person.
I must agree with Mark on his commnents to Subroman. The \”Subrogator\” sounds like one of those guys you meet when you first get in the business who has been doing it for the past 35 years, is miserable and is counting his miserable days to retirement.
I\’m in agreement with the majority of folks in this matter. The only apparent issue here was damages. You wonder what was going on in the mind of the claim manager/supervisor handling this claim? Once coverage is established and damages are reasonably known, find a way to pay and resolve the claim. What could have been a $100K claim ended up at $760,000 and that doesn\’t include Farmers costs. Claims are where the \”rubber meets the road.\” If this doesn\’t cause a lot of Farmer\’s insured\’s to look elsewhere, God help them when they have a claim!
No wonder they\’ve dropped to eighth place nationally. In California, they can\’t even sign up new agents, due to their poor press and treatment of not only women employees and agents, but to their sales staff in general. Ask anyone that works at their service centers.
I\’m not letting the lawyers off easy either. They create a proprietary system that sets them up as gate keepers; but \”if you aint got the money honey, [they] aint got the time\”.
i take issue with the remark that insurance companis are there 100% of the time. While away 3 yers ago our home was broken into and the police figured they were in and out for over a day. We were insd with Allstate for 12 years claim free. We prepared our claim honestly and turned it in. We were told to replace about $15,000 in essential items which we did.I turned in the receipts and it began. We didn\’t hear from them for 7 months – then we were deposed. A full year later they denied the claim – misrepresentation. I am insurance professional and not about to risk my career on a fake or inflated claim. The states ins. commissioner advised – \”Allstate – you have my sympathy\” They have more complaints than any other and deny 80%+ of claims hoping they will go away. So please don\’t even try to tell me they care. Insurance companies exist to make money. Look at the horrible claim situations going on now with these very companies.
The attorney(s) who turned her down knew they would not be getting millions on this case if they won and more importantly, they would not win enough to cover their greedy costs so they did not want the case. Interesting how they always say they are there for the victims. Hmmmmmm
All in all, Farmers has a bigger black eye than ever and has again caused more problems for the insurance industry as a whole.
The job of the claim adjuster is NOT to deny claims or to look for ways not to pay it, it is to obtain and investigate the details of the loss and if it is a covered loss, pay it. If it is not covered, deny it. If fraud is suspected, send it to SIU and take whatever steps are necessary for the situation.
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Subro, you idiot, it wouldn\’t have been that high of a settlement if they hadn\’t of taken so damn long. Give me a break! And she\’s not from Canada, did you even read the article? She\’s from Ireland, living in Washington, and was drving in BC. Now I know why subrogation takes so damn long, we have stupid people like you working there!
\”Why didn\’t Farmer\’s tender the $100k owed in addition to the $10,000 in medical benefits and then submit the matter to Arbitration, blah blah blah…\”
Because denying claims is their business – just like sniffing **** is a dog\’s business.
Why didn\’t Farmer\’s tender the $100k owed in addition to the $10,000 in medical benefits and then submit the matter to Arbitration (at their expense) to determine whether the $150k or the $100k was the proper limit to attach to this claim. Prompt tender of the $100k which was not in dispute should have been made with a reservation regarding the additional sums. They settled for $760,000 – of that it appears $10k was for medical benefits. They ultimately paid at least $600k more than was potentially due this victim. This battle was an unwise investment for Farmers and their stockholders. Appears Farmers needs to invest in better management of their assets or they won\’t have any to manage.
Interesting that you hadn\’t bothered to re-read your own comments on this subject prior to posting this one. You are saying in this one that insurance companies are there for their consumers 100%- yet one of your comments in your original posts \” People, please understand that it is the business of the insurance company to deny claims! It is all about money folks…if you don\’t like it, change your insurance company and stop complaining like a bunch of old ladies\”
So which is it? There 100% or in the business to deny claims- the two are opposite ends of the spectrum. I am unable to find any reasoning that supports your 100% theroy, how\’s \”being there\” translate to making the claim process so difficult for the woman.
Farmits paid far more than they would have if they had just settled eons ago. Great forsight, a trained monkey would have seen this coming. Now Farmers is in serious need of Tom Cruise\’s PR person.
I must agree with Mark on his commnents to Subroman. The \”Subrogator\” sounds like one of those guys you meet when you first get in the business who has been doing it for the past 35 years, is miserable and is counting his miserable days to retirement.
I\’m in agreement with the majority of folks in this matter. The only apparent issue here was damages. You wonder what was going on in the mind of the claim manager/supervisor handling this claim? Once coverage is established and damages are reasonably known, find a way to pay and resolve the claim. What could have been a $100K claim ended up at $760,000 and that doesn\’t include Farmers costs. Claims are where the \”rubber meets the road.\” If this doesn\’t cause a lot of Farmer\’s insured\’s to look elsewhere, God help them when they have a claim!
No wonder they\’ve dropped to eighth place nationally. In California, they can\’t even sign up new agents, due to their poor press and treatment of not only women employees and agents, but to their sales staff in general. Ask anyone that works at their service centers.
I\’m not letting the lawyers off easy either. They create a proprietary system that sets them up as gate keepers; but \”if you aint got the money honey, [they] aint got the time\”.
i take issue with the remark that insurance companis are there 100% of the time. While away 3 yers ago our home was broken into and the police figured they were in and out for over a day. We were insd with Allstate for 12 years claim free. We prepared our claim honestly and turned it in. We were told to replace about $15,000 in essential items which we did.I turned in the receipts and it began. We didn\’t hear from them for 7 months – then we were deposed. A full year later they denied the claim – misrepresentation. I am insurance professional and not about to risk my career on a fake or inflated claim. The states ins. commissioner advised – \”Allstate – you have my sympathy\” They have more complaints than any other and deny 80%+ of claims hoping they will go away. So please don\’t even try to tell me they care. Insurance companies exist to make money. Look at the horrible claim situations going on now with these very companies.
The attorney(s) who turned her down knew they would not be getting millions on this case if they won and more importantly, they would not win enough to cover their greedy costs so they did not want the case. Interesting how they always say they are there for the victims. Hmmmmmm
All in all, Farmers has a bigger black eye than ever and has again caused more problems for the insurance industry as a whole.
The job of the claim adjuster is NOT to deny claims or to look for ways not to pay it, it is to obtain and investigate the details of the loss and if it is a covered loss, pay it. If it is not covered, deny it. If fraud is suspected, send it to SIU and take whatever steps are necessary for the situation.