Who would buy a company in run-off. From the track record of these theives, I smell something shady going on. I advise everyone who is considering doing anything with MIIX Advantage to run from this corruption.
I agree, particularly given that it’s NJ, there’s the potential for abuse. However, there are workout teams that specialize in just this type of operation. They take a book of business that’s in runoff, negotiate adequate funding, then agressively administer the claims runoff. If they do a good job, claims will be less than anticipated, there will be money left over, and the runoff specialists make a profit. They make their money by providing value – their claims management ability – to a company that is unwiling to commit resources to a closed block.
Who would buy a company in run-off. From the track record of these theives, I smell something shady going on. I advise everyone who is considering doing anything with MIIX Advantage to run from this corruption.
Hi –
I agree, particularly given that it’s NJ, there’s the potential for abuse. However, there are workout teams that specialize in just this type of operation. They take a book of business that’s in runoff, negotiate adequate funding, then agressively administer the claims runoff. If they do a good job, claims will be less than anticipated, there will be money left over, and the runoff specialists make a profit. They make their money by providing value – their claims management ability – to a company that is unwiling to commit resources to a closed block.
…when is this company finally going to be put out of it’s misery?