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AIG Crisis Highlights the Need for Insurance Professionalism

National News • October 10, 2008
American International Group's meltdown may serve at least one (if not more) positive purpose: spotlighting the difference between the insurance professional and the non-professional. Insurance ...

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Subject: Insurance Professionalism

Posted On: October 10, 2008, 1:11 pm CDT
Posted By: Dr. Ruth
Comment:
Thank you very much for saying what I have been observing for some time now. I have 30 years of insurance claims experience and am disappointed with the younger adjusters coming up behind me. Professionalism is a must in this business, unfortunately, carriers have bought into the idea that the application of technology is more important that a well rounded, educated adjuster.
When I began my adjusting career, I spent 7 months in training which included time in each department, i.e. underwriting, loss control, audit, etc. I accompanied experienced adjusters to observe how they investigated a claim whether it was a workers compensation, property or casualty claim. Once I completed my training, I spent the next 6 years as a multiline field adjuster.
Today's adjuster trainee sits in a classroom and then moves to a cubicle with a computer.
For me, insurance has been a good career one that once upon a time, I would recommend to others. Unfortunately, adjusting has evolved into data entry, checking boxes on a form and complying with your employers audit requirements rather than meeting your insured and claimants face-to-face, conducting scene investigations, etc.
I truly fear our insured's when my generation of adjusters retire.
Subject Posted By Posted On
Seriously?? Donna
Oct 14, 2008, 6:31 pm
AIG rosemary
Oct 14, 2008, 1:36 pm
AIG & Ins Professionalism rosemary
Oct 14, 2008, 1:19 pm
RE: You've got to be kidding me... Stat Guy
Oct 13, 2008, 2:36 pm
RE: RE: Some Additional Thoughts Stat Guy
Oct 13, 2008, 2:23 pm
RE: RE: You've got to be kidding me... Dustin
Oct 13, 2008, 12:42 pm
RE: You've got to be kidding me... Obama bin Biden
Oct 13, 2008, 9:16 am
RE: You've got to be kidding me... Matt
Oct 13, 2008, 8:46 am
Commerical Lines Not Profitable Scooby
Oct 12, 2008, 3:33 pm
RE: Insured's have lowered their expectations... wudchuck
Oct 11, 2008, 9:07 am
RE: You've got to be kidding me... Insurance Youth
Oct 10, 2008, 10:41 pm
You've got to be kidding me... The Dude
Oct 10, 2008, 8:31 pm
RE: RE: Dr. Ruth Gill Fin
Oct 10, 2008, 4:21 pm
RE: Dr. Ruth Dr. Ruth
Oct 10, 2008, 4:16 pm
RE: Dr. Ruth Insurance Youth
Oct 10, 2008, 3:50 pm
You hit the Nail on the Head! ~Vee
Oct 10, 2008, 3:16 pm
RE: RE: Some Additional Thoughts Reverend-CPCU,CLU,FLMI
Oct 10, 2008, 3:05 pm
Insured's have lowered their expectations... Gill Fin
Oct 10, 2008, 3:04 pm
RE: Some Additional Thoughts Cheminsurance
Oct 10, 2008, 2:46 pm
It's up to us. Proud Ins Professional
Oct 10, 2008, 1:51 pm
RE: RE: Some Additional Thoughts Hard Market
Oct 10, 2008, 1:37 pm
This is so true! fenkazl
Oct 10, 2008, 1:34 pm
Professionalism Bill Rabel
Oct 10, 2008, 1:21 pm
Insurance Professionalism Dr. Ruth
Oct 10, 2008, 1:11 pm
Great comments Mongoose
Oct 10, 2008, 12:45 pm
RE: Professionalism Dedicated Insurance Girl
Oct 10, 2008, 12:32 pm
AIG -- or PIG Suzie Q
Oct 10, 2008, 12:30 pm
RE: Professionalism That's Right Big Dog
Oct 10, 2008, 12:30 pm
RE: Some Additional Thoughts That's Right Big Dog
Oct 10, 2008, 12:28 pm
RE: Some Additional Thoughts Risk Averse
Oct 10, 2008, 12:28 pm
Professionalism Insurance Professional
Oct 10, 2008, 11:24 am
Some Additional Thoughts Big Dog
Oct 10, 2008, 9:52 am
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