Lets ask Melinda how Farmers handles claims. She and Farmers are the one that got the whole Texas market screwed up in the first place by causing so much publicity.
This thread began by speaking of the well deserved fines given to Farmers, one of the worst 3 carriers in the United States. I only went off on the trial atty tangent b/c one of the contributors attempted to disparage trial attorneys as a group. For too long trial attys have taken the barbs and done nothing about it while allowing the industry to paint an inaccurate picture as to how we fit in the picture. I have friends I have made over the last 20 yrs who are adjusters who, like you, do it right. Those folks are becoming fewer as a new generation takes over. If I offended you by trying to paint too broad of a brush, I apologize.
we write wind in coastal or tier 1 counties. today and tomorrow and the next day. state farm does not, and allstate probably want tomorrow. Foremost, a Farmers company, does write with wind exclusion.
Chris, are you suggesting that anytime a carrier denies, that a clmt should initiate litigation? Do you realize there are a multitude of reasons a carrier might deny a claim, and they rarely involve malice or bad faith? Problem is, just like the case involving Trent Lott, people don\’t take the time to understand their policy, what it covers and what is excluded. I agree with everything Jim said in his follow-up. Sounds like we work for similar minded carriers who treat their policyholders with dignity and respect, and treat clmts the same way we treat our own insds. Chris, you see the insurance industry only through your own little warped tunnel. Please don\’t paint the entire industry the way you have. The reputable side of the business truly desires to help all customers recover and get back on their feet. For what it\’s worth, I feel Trent Lott should be ashamed of himself. He is an embarrassment to Mississippi and America, and has not awaken to what he might do to the Mississippi economy if he succeeds in making carriers pay for something that was never intended to be covered.
I understand why you wrote what you wrote, as your field is disparaged as much, if not more, than mine. I have disparaged, both verbally and through the written word, the trial lawyers. However, it is truly only directed at the pond-scum within your industry. The attorney for Sen. Lott performed a great deed in piercing the veil of impunity under which the tobacco industry operated, only to throw it all away by suing for flood damages and attempting to cripple my industry.
I will now get off of my high-horse and leave you with one last thing. If you ever have an issue wherein you need some assistance in determining if a carrier is operating in bad faith, attempting to low ball, or just acting the fool, please feel free to e-mail me at \”romanite@adelphia.net\” I will be more than happy to assist.
I believe the comment from Nancy and I recognize many of the names I read here today and can agree that I have not yet heard anything good about Farmer\’s; how they treat thier agents. employees, insureds and claimants. The fines are probably the result of some good negotiation. Anything good I hear sounds like someone from Farmers, not someone independent. I work for a middle size carrier which prides itself on good claims service. NAIC market conduct reviews make it a no-brainer. As for trial attorneys, I don\’t think they are the bane of the insurance industry but a necessary part of it because not all carriers are on the level or act with integrity and instead watch the bottom line. We are in the business of PAYING losses, not lining our pockets. Bad carriers make trial attorneys necessary. Farmers gets what it deserves…where there\’s smoke, there\’s surely fire!
In recognition of all the long, hard work of Agents during their time of difficluty, Farmers will be announcing a significant increase in commissions for Agents. It is their Agents who keep the company in business through successful sales of policies and excellent client relations. Of course, every company recognizes that, but Farmers will be the first to willingly and adequately compensate their loyal agents.
Farmers New Century Insurance Company is named along with Allstate Insurance Company, Hartford, Liberty Mutual and 13 other insurers…for consumer fraud, and other intentionally illegal actions.
I NEVER KNEW WORKING FOR A COMPANY DISQUALIFIED YOU FROM ACCURATELY COMMENTING ON IT. I HAVE BEEN AN AGENT FOR THREE YEARS, IHAVE SEEN THE WORST AND NOW I AM SEEING THE BEST, IN TEXAS. COMPANIES ARE ALLOWED TO CHANGE. FALLING MARKET SHARE IS USUALLY A GOOD FACTOR IN CHANGE, AND THAT IS WHAT HAPPEN TO FARMERS. WE ARE NOT PERFECT, BUT YOU HAVE TO START SOMEWHERE. I WISH ALL OF YOU COULD SEE THE HARD WORK IN TEXAS, TAKING CARE OF CUSTOMERS AND EMPLOYEES. THINGS ARE BETTER HERE. THANKS
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.
Lets ask Melinda how Farmers handles claims. She and Farmers are the one that got the whole Texas market screwed up in the first place by causing so much publicity.
This thread began by speaking of the well deserved fines given to Farmers, one of the worst 3 carriers in the United States. I only went off on the trial atty tangent b/c one of the contributors attempted to disparage trial attorneys as a group. For too long trial attys have taken the barbs and done nothing about it while allowing the industry to paint an inaccurate picture as to how we fit in the picture. I have friends I have made over the last 20 yrs who are adjusters who, like you, do it right. Those folks are becoming fewer as a new generation takes over. If I offended you by trying to paint too broad of a brush, I apologize.
we write wind in coastal or tier 1 counties. today and tomorrow and the next day. state farm does not, and allstate probably want tomorrow. Foremost, a Farmers company, does write with wind exclusion.
Chris, are you suggesting that anytime a carrier denies, that a clmt should initiate litigation? Do you realize there are a multitude of reasons a carrier might deny a claim, and they rarely involve malice or bad faith? Problem is, just like the case involving Trent Lott, people don\’t take the time to understand their policy, what it covers and what is excluded. I agree with everything Jim said in his follow-up. Sounds like we work for similar minded carriers who treat their policyholders with dignity and respect, and treat clmts the same way we treat our own insds. Chris, you see the insurance industry only through your own little warped tunnel. Please don\’t paint the entire industry the way you have. The reputable side of the business truly desires to help all customers recover and get back on their feet. For what it\’s worth, I feel Trent Lott should be ashamed of himself. He is an embarrassment to Mississippi and America, and has not awaken to what he might do to the Mississippi economy if he succeeds in making carriers pay for something that was never intended to be covered.
I understand why you wrote what you wrote, as your field is disparaged as much, if not more, than mine. I have disparaged, both verbally and through the written word, the trial lawyers. However, it is truly only directed at the pond-scum within your industry. The attorney for Sen. Lott performed a great deed in piercing the veil of impunity under which the tobacco industry operated, only to throw it all away by suing for flood damages and attempting to cripple my industry.
I will now get off of my high-horse and leave you with one last thing. If you ever have an issue wherein you need some assistance in determining if a carrier is operating in bad faith, attempting to low ball, or just acting the fool, please feel free to e-mail me at \”romanite@adelphia.net\” I will be more than happy to assist.
I believe the comment from Nancy and I recognize many of the names I read here today and can agree that I have not yet heard anything good about Farmer\’s; how they treat thier agents. employees, insureds and claimants. The fines are probably the result of some good negotiation. Anything good I hear sounds like someone from Farmers, not someone independent. I work for a middle size carrier which prides itself on good claims service. NAIC market conduct reviews make it a no-brainer. As for trial attorneys, I don\’t think they are the bane of the insurance industry but a necessary part of it because not all carriers are on the level or act with integrity and instead watch the bottom line. We are in the business of PAYING losses, not lining our pockets. Bad carriers make trial attorneys necessary. Farmers gets what it deserves…where there\’s smoke, there\’s surely fire!
AAA HAS SOME GREAT RATES MADE YOU GUYS SHOULD TRY THEM OUT!!!
In recognition of all the long, hard work of Agents during their time of difficluty, Farmers will be announcing a significant increase in commissions for Agents. It is their Agents who keep the company in business through successful sales of policies and excellent client relations. Of course, every company recognizes that, but Farmers will be the first to willingly and adequately compensate their loyal agents.
Farmers New Century Insurance Company is named along with Allstate Insurance Company, Hartford, Liberty Mutual and 13 other insurers…for consumer fraud, and other intentionally illegal actions.
http://www.femainfo.us/legal_actions_fraud_suit.shtml
I NEVER KNEW WORKING FOR A COMPANY DISQUALIFIED YOU FROM ACCURATELY COMMENTING ON IT. I HAVE BEEN AN AGENT FOR THREE YEARS, IHAVE SEEN THE WORST AND NOW I AM SEEING THE BEST, IN TEXAS. COMPANIES ARE ALLOWED TO CHANGE. FALLING MARKET SHARE IS USUALLY A GOOD FACTOR IN CHANGE, AND THAT IS WHAT HAPPEN TO FARMERS. WE ARE NOT PERFECT, BUT YOU HAVE TO START SOMEWHERE. I WISH ALL OF YOU COULD SEE THE HARD WORK IN TEXAS, TAKING CARE OF CUSTOMERS AND EMPLOYEES. THINGS ARE BETTER HERE. THANKS