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Study: Washington's Referendum 67 Could Cost Consumers $650 Million
West News September 24, 2007
Referendum 67, a heavily debated law that would allow consumers to collect triple damages if their insurer unreasonably denies a claim or violates unfair practice rules, is expected to raise ...
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| Subject | Posted By | Posted On |
|---|---|---|
| Healthcare Insurance In The State of New Jersey | Renee Bouvier | Aug 13, 2009, 3:49 pm |
| Who paid for this study? | Gabe | Oct 31, 2007, 11:03 am |
| RE: RE: RE: About Time says a former claims adjuster | Nobody Important | Sep 25, 2007, 6:58 pm |
| RE: RE: About Time says a former claims adjuster | PS | Sep 25, 2007, 1:44 pm |
| RE: About Time says a former claims adjuster | Johnny | Sep 25, 2007, 10:54 am |
| About Time says a former claims adjuster | Mike | Sep 24, 2007, 3:47 pm |
| RE: RE: Liberal attorneys | Mary B. | Sep 24, 2007, 2:42 pm |
| RE: Liberal attorneys | what a post | Sep 24, 2007, 2:32 pm |
| Liberal attorneys | patriot | Sep 24, 2007, 1:14 pm |
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Subject: About Time says a former claims adjuster
am glad to see this type of Referendum.
The Adjusters are loaded down with too
many claims these days as the carriers
are looking to maximize profitably by keeping claim staffing costs at a minimum.
I know many adjusters who assigned in excess of 225 claims (I know a couple who
assigned 300 liability/property claims!!)
I have no maximizing profitable in
general (and how hugely profitable the
industry is these days!) but it's typically the claimants and insureds who are the ones who often times bear the brunt of the effect when claims
are not paid promptly and equitably
because of the staffing issue.
Perhaps, if this referendum passes, maybe
the carriers/TPA's will pay more
attention to the case/claim overload
issue in order to avoid paying the additional damages) which may in itself enhance our industry's reputation.
Thanks
who pay the price for this as many types of claims are not being paid promptly
are not