I would be quite interested to see what what level of employees are being suspended. This is not unlike the old military addage, “Just following orders!”
But my cynical side tells me the suspensions took the old downhill roll…
These problems start at the top and not at the buttom. Interesting! During happen times the “Top level” management tend to take all the credit! Why not now? Suddently they dont’t know anything!
The entire insurance industry has been a single co-op as there are no secrets in this insurance industry. No employee can make a move without the knowledge of the superiors.
I wouldn’t be so quick to point the finger at management – the investigation will sort this out. I used to work claims for an insurance company. One of our examiners that handled pollution claims was working deals with the contractors invovled in the site clean ups. This examiner would grant them clean up jobs, the contractor would inflate the costs, and then give the examiner kick backs. Once management caught wind of this, the examiner was fired. Could be a simalar situation here.
Lets not be naive in thinking that mgt didnt know. For starters most big brokers use management systems such as applied which usually shows all activities/premiums per policy and I am sure that there were frequent meetings to see the progress/profit of business as their often is in big businesses. As an lower level employee (non-mgt) you are damned if you or damned if you in the end. In all reality who are the ones driving the luxury cars, expensive vacation/homes and so on. Start by looking there because they have that due to the money coming in and you are not going to tell me that they dont know where it came from.
I would be quite interested to see what what level of employees are being suspended. This is not unlike the old military addage, “Just following orders!”
But my cynical side tells me the suspensions took the old downhill roll…
Doesn’t matter, Zurich, Hartford or AIG.
The folks were doing what their managers told them to do.
Their employers are leaving them out to dry.
These problems start at the top and not at the buttom. Interesting! During happen times the “Top level” management tend to take all the credit! Why not now? Suddently they dont’t know anything!
The entire insurance industry has been a single co-op as there are no secrets in this insurance industry. No employee can make a move without the knowledge of the superiors.
you too can be sr. mgtmt. if you possess the certain qualities!
I wouldn’t be so quick to point the finger at management – the investigation will sort this out. I used to work claims for an insurance company. One of our examiners that handled pollution claims was working deals with the contractors invovled in the site clean ups. This examiner would grant them clean up jobs, the contractor would inflate the costs, and then give the examiner kick backs. Once management caught wind of this, the examiner was fired. Could be a simalar situation here.
probably only fired because he didn’t give any to mgt!
Lets not be naive in thinking that mgt didnt know. For starters most big brokers use management systems such as applied which usually shows all activities/premiums per policy and I am sure that there were frequent meetings to see the progress/profit of business as their often is in big businesses. As an lower level employee (non-mgt) you are damned if you or damned if you in the end. In all reality who are the ones driving the luxury cars, expensive vacation/homes and so on. Start by looking there because they have that due to the money coming in and you are not going to tell me that they dont know where it came from.