Posted On: May 20, 2005, 9:16 am CDT

Posted By: Concerned Claims

In reply to LLCJ the only time that I am in a "dream world" is usually when I am asleep or 'working." In point of fact there is no liability crisis. There is a crisis with insurance management and ethics if you believe the "latest" investigations going on in NY state via their AG's investigationb into pricing, etc. Normally claims management does not dictate the philosophy of a carrier. Claims must respond to the scenario created. You need to review stats with the Insurance Commissioners and varous Federal Agencies that publish their stuff to find out if there 'EVER WAS' a medical liabillity crisis. There isn't. There is no Liability Crisis...that is just a crock.
For 5 years rates have gone up across the board. Profits have soared. International investment in American Insurance Companies and Groups have increased dramatically. Wow, does that tell you about a crisis? Oh yeah, after 30 years in my business I can comment on Liabillity and Bad Faith...which is also liability. The present administration-speaking of Mr. Bush and his group are leading the way on one problem after another ; even when it is necessary to create problems. My opinion.