Miss. AG Hood: Insurance Companies Intentionally Delaying Paying Katrina Claims
Southeast News • April 17, 2006
Mississippi Attorney General Jim Hood has sharply criticized insurers' denial of Hurricane Katrina claims in Mississippi, saying companies are "in lockstep like Nazis locking arms, coming at those ...
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Subject: RE: Big Shock - Allstate Knowingly Underpays Claims Info
Posted On: April 17, 2006, 5:27 pm CDT
Posted By: Roger Poe
Comment:
4-17-2006
A bigger shock is market conduct reality proof industry insiders / contractors have from "adjusters", that show's exactly how some insurers are intentionally and deceptively underpaying claims;
Too, highly knowledgable and experienced catastrophe adjusters DO KNOW about Allstate claim settlement conduct.
Consider the following testimony (from a catastrophe adjusters site) by an ex- Allstate claim management insider that seems to clearly indicate that Allstate has 'conspired' to underpay claims in Texas...and loves our money.
__________
The link is provided after the testimony;
Brooks Todd Posted - 12/18/2003 : 19:10:52
------------------------------------------
I just recieved my adjusters liscence, from The Great State of Texas. I have 22 years in construction (framing, roofing, sales & concrete). I am an excellent estimator, and can build anything from a dawg house to a church.
I am having a hard time finding a job in the adjusting field. I know what my angle is now. Imagine having an adjusters liscence, and being a contractor. I am calling Allstate tommorow. You have to change with the times.
Brooks
khromas Posted - 12/18/2003 : 23:06:22
------------------------------------------
Brooks,
I would not advise calling Allstate if you wish to keep your integrity intact.
After almost 7 years with them and having held a variety of positions, including the sole Quality Evaluator for the entire southern half of Texas, I finally became fed up with their approach to requiring every adjuster to KNOWINGLY underpay every claim and left them this past July.
The head of Allstate in Texas - Gary Briggs - had the nerve to stand up in front of an agent's meeting last spring and say (QUOTE) "I love the new HOA+ policy! It doesn't cover anything and WE STILL GET TO KEEP THEIR MONEY!"
I used to tell people whose claim I was handling that "the good hands of Allstate were right here" as I held my hands out for them. I could no longer do that in good faith and look myself in the mirror so I left.
One of these days the Texas DOI is going to catch up with their property handling practices and then it will all hit the fan!
Good luck with anyone else!
Kevin Hromas Country: USA | Posts: 75
__________
Copy and paste the following link into your browsers' address line to verify the above testimony.
http://72.14.203.104/search?q=cache:LH8RbB9s00UJ:www.catadjuster.org/forum/m_899/mpage_10/key_/tm.htm+gary+briggs+allstate+intentionally+underpay+claims&hl=en&gl=us&ct=clnk&cd=2
__________
Obviously underpaying claims will help improve a company's loss ratio factor desired by them. (Premium dollars collected minus under-assessing property damage and undisclosed construction procedures, and underpaying claim values = the potential for higher year-end contingent profits.
All accomplished right under (most of)their trusting clients noses...
You may also want to check into the 2 Billion dollar hurricane Isabel FEMA - NFIP - WYO lawsuit against certain trusted insurers, Allstate included, and their claims adjusting associates and agents at;
www.femainfo.us
http://www.femainfo.us/legal_actions_fraud_suit.shtml
rogerpoegc@yahoo.com
Subject: RE: Big Shock - Allstate Knowingly Underpays Claims Info
A bigger shock is market conduct reality proof industry insiders / contractors have from "adjusters", that show's exactly how some insurers are intentionally and deceptively underpaying claims;
Too, highly knowledgable and experienced catastrophe adjusters DO KNOW about Allstate claim settlement conduct.
Consider the following testimony (from a catastrophe adjusters site) by an ex- Allstate claim management insider that seems to clearly indicate that Allstate has 'conspired' to underpay claims in Texas...and loves our money.
__________
The link is provided after the testimony;
Brooks Todd Posted - 12/18/2003 : 19:10:52
------------------------------------------
I just recieved my adjusters liscence, from The Great State of Texas. I have 22 years in construction (framing, roofing, sales & concrete). I am an excellent estimator, and can build anything from a dawg house to a church.
I am having a hard time finding a job in the adjusting field. I know what my angle is now. Imagine having an adjusters liscence, and being a contractor. I am calling Allstate tommorow. You have to change with the times.
Brooks
khromas Posted - 12/18/2003 : 23:06:22
------------------------------------------
Brooks,
I would not advise calling Allstate if you wish to keep your integrity intact.
After almost 7 years with them and having held a variety of positions, including the sole Quality Evaluator for the entire southern half of Texas, I finally became fed up with their approach to requiring every adjuster to KNOWINGLY underpay every claim and left them this past July.
The head of Allstate in Texas - Gary Briggs - had the nerve to stand up in front of an agent's meeting last spring and say (QUOTE) "I love the new HOA+ policy! It doesn't cover anything and WE STILL GET TO KEEP THEIR MONEY!"
I used to tell people whose claim I was handling that "the good hands of Allstate were right here" as I held my hands out for them. I could no longer do that in good faith and look myself in the mirror so I left.
One of these days the Texas DOI is going to catch up with their property handling practices and then it will all hit the fan!
Good luck with anyone else!
Kevin Hromas Country: USA | Posts: 75
__________
Copy and paste the following link into your browsers' address line to verify the above testimony.
http://72.14.203.104/search?q=cache:LH8RbB9s00UJ:www.catadjuster.org/forum/m_899/mpage_10/key_/tm.htm+gary+briggs+allstate+intentionally+underpay+claims&hl=en&gl=us&ct=clnk&cd=2
__________
Obviously underpaying claims will help improve a company's loss ratio factor desired by them. (Premium dollars collected minus under-assessing property damage and undisclosed construction procedures, and underpaying claim values = the potential for higher year-end contingent profits.
All accomplished right under (most of)their trusting clients noses...
You may also want to check into the 2 Billion dollar hurricane Isabel FEMA - NFIP - WYO lawsuit against certain trusted insurers, Allstate included, and their claims adjusting associates and agents at;
www.femainfo.us
http://www.femainfo.us/legal_actions_fraud_suit.shtml
rogerpoegc@yahoo.com