When I work on an account, I imagine that the insured is a loved one. These people feed me and my family! Are we so out for ourselves today that we hide the best deals from the insured in order to rip them off and line our own pockets!
“Doing what they were told to do to keep their jobs”? Hey that’s what’s wrong with the whole mess top to bottom. Individual integrity is a must. It’s still lying and cheating. No “just following orders sir” allowed here. You do the crime you SHOULD serve the time but most won’t.
Wanted me to fudge loss runs, white them out actually. Guy was issuing bogus binders, doing a lot of scary stuff. So I left. If it feels wrong, it is wrong.
Does anybody know the sentence or typical sentencing for this type of fraud? Do these people actually get jail time?
Heck no. They write a book.
When I work on an account, I imagine that the insured is a loved one. These people feed me and my family! Are we so out for ourselves today that we hide the best deals from the insured in order to rip them off and line our own pockets!
You are looking at them from an agent’s perspective.
AIG, Marsh et al looked at them from a bean counter’s perspective.
As employees, they were probably merely doing what they had been told to do to keep their jobs.
“Doing what they were told to do to keep their jobs”? Hey that’s what’s wrong with the whole mess top to bottom. Individual integrity is a must. It’s still lying and cheating. No “just following orders sir” allowed here. You do the crime you SHOULD serve the time but most won’t.
Wanted me to fudge loss runs, white them out actually. Guy was issuing bogus binders, doing a lot of scary stuff. So I left. If it feels wrong, it is wrong.