Katrina at Two Years: $40.6 Billion Paid on 1.7 Million Insurance Claims
National News • August 7, 2007
Two years later, the "overwhelming majority of claims" in Gulf Coast states from Hurricane Katrina have been settled in what has been the single largest loss — $40.6 billion — in the history of ...
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Subject: RE: Re: adjusterjoe
Posted On: August 7, 2007, 3:03 pm CDT
Posted By: ClaimsGuy
Comment:
To All:
Nothing like piling on. Unless each of you has more than 10 years in the claims business and have personally worked a catastrophic claims event like a hurricane,I suggest you lighten up.
Joe's perspective is coming from that of the adjuster. These people are the "first responders" so-to-speak, and are the face of the insurance company to those in need. I can tell you from personal experience that they spend time away from their families and live in lousey conditions to help those in need. They aren't in the boardrooms and high level meetings and don't want to be. And for those of you who do nothing but bash insurance companies, who do you work for and what contributions have you made recently to improve things?
Having worked as a catastrophe adjuster for regional and national P&C carriers, I'm proud of the job they do. Insurance policies never cover everything. People are personally responsible for understanding what is, and what isn't covered. I'm shocked that nobody has bashed the local agents on this. They're the ones who sold the policies and should have educated their clients.
If you think the industry is so bad, I suggest you focus your time and energy on making a positive difference. Where would society be without insurance companies? In the end, if you can find a place where things are handled better, perhaps you should consider re-locating there.
I hope you never experience a disaster that requires an insurance response. But if you do, I'd be willing to bet your experience with your company and adjuster will be a pleasant surprise.
Subject: RE: Re: adjusterjoe
Nothing like piling on. Unless each of you has more than 10 years in the claims business and have personally worked a catastrophic claims event like a hurricane,I suggest you lighten up.
Joe's perspective is coming from that of the adjuster. These people are the "first responders" so-to-speak, and are the face of the insurance company to those in need. I can tell you from personal experience that they spend time away from their families and live in lousey conditions to help those in need. They aren't in the boardrooms and high level meetings and don't want to be. And for those of you who do nothing but bash insurance companies, who do you work for and what contributions have you made recently to improve things?
Having worked as a catastrophe adjuster for regional and national P&C carriers, I'm proud of the job they do. Insurance policies never cover everything. People are personally responsible for understanding what is, and what isn't covered. I'm shocked that nobody has bashed the local agents on this. They're the ones who sold the policies and should have educated their clients.
If you think the industry is so bad, I suggest you focus your time and energy on making a positive difference. Where would society be without insurance companies? In the end, if you can find a place where things are handled better, perhaps you should consider re-locating there.
I hope you never experience a disaster that requires an insurance response. But if you do, I'd be willing to bet your experience with your company and adjuster will be a pleasant surprise.