Posted On: April 29, 2006, 8:41 pm CDT

Posted By: Roger Poe

4-29-2006

Tony,

Interesting commentary.

You seem to feel the best defense is a good (convoluted) offense.

Let me state once more...honorable insurers and adjusters exist.

Let me state it again...honorable insurers and adjusters exist.

One more time...honorable insurers and adjusters exist.

Too, my commentary is provided for the general public as a heads-up for helping them figure out their damaged structure losses, and making sure predatory insurers are receiving the public recognition they deserve.

By-the-way Tony, I'm hardly alone in my documental evidence against Allstate / Pilot Claim Service, State Farm, Farmers, Safeco, USAA and the TWIA.

Their very clients hold proof of their underpayment schemes.

You stated about me;

"Lastly, you cast a VERY wide net w/ your accusations against "high profile insurance companies". I would strongly suggest to you, not to name names, unless you have something called PROOF. I am just guessing, but I bet you couldn't handle (nor would you be successful in defending) a libel suit.

BTW, your (implied) threat about the, "nationwide (didn't know you were a licensed GC in all 50 states or is it just the contiguous 48) actions are not going unnoticed, and will not go on.......etc". I have very little doubt (yeah, right) that you have the ability to make the authorities address the issue. My guess is that you HOPE something will happen along the same lines as I HOPE Florida, Louisiana and Mississippi will enforce their (better watch out) gouging laws.

Might I suggest you get some provable facts before you rant and rave about/against those that have "been there and done that". Just a thought.
Ciao Baby."
__________

Did you pick up on the General Contractor status by the continued presence of my e-mail address?

I'm hardly hiding my identity now, am I Tony?

Licensed GC in all 50 states?

No Tony, I'm licensed where I do business, and I communicate with others across the nation, and help track carrier / adjuster market conduct.

Oh, and as for PROOF of underpayment schemes...not to worry, there is HARD proof a plenty.

Quick for-instance, I just received a State Farm estimate from a client yesterday.

Now check out this summary page, and see if you can help the public understand it is NOT a synthetic construction
"estimate";

Summary For Hurricane

$10,103.19 Line Item Total
$114.67 6.000% Materials Sales Tax __________
$10,217.86 Replacement Cost Value
$ 2,607.44 Less Depreciation
__________
$ 7,610.42 Actual Cash Value
$ 761.04 Overhead @ 10%
$ 761.04 Profit @ 10%
__________
$ 9,132.50 Actual Cash Value Incl. O&P
$ 2,272.00 Less Deductible
__________
$ 6,860.50 Net Actual Cash Value Payment

Two (hard-to-detect) synthetic / false construction estimation methodology points...

1. Notice that Contractor overhead and profit was NOT applied to the ACTUAL projected loss reconstruction value sum, ($10,217.86), but to the DEPRECIATED $7,610.42 sum. Hmmmm...

2. Notice that the estimated business profit value is THE SAME as the business overhead factor.

Since a anticipated (10% profit margin) can only be accomplished by measuring it against the WHOLE investment risk of a project (hard costs and overhead), a SYNTHETIC / FALSE profit amount exists.
Again, Hmmmm...

Soooo, See how TRUE Contractor O&P is missing...twice!?

Do that to untold tens-of-thousands of so-called construction "estimates" and...well...you know what that is called...

Care to see some more underpayment schemes?

rogerpoegc@yahoo.com

P.S. Discovery / Claim Audits...Two powerful tools for truth seekers...