\”More than 50 companies  from industry bellwethers like Apple Computer Inc. and Home Depot Inc. to many smaller technology companies  are facing questions about whether they manipulated the timing of options grants to boost their value to the recipients and properly disclosed what resulted in outsized and potentially illegal profits for many executives.
Shareholders have already started filing lawsuits, some naming board members or corporate officers for their alleged breach of fiduciary duties.\”
When an insurance company\’s bottom line is suddenly and uncommonly better than previous years, and at the same time credible reports of intentional unfair/lowball/fraudulent claim handling surfaces across the nation, it is only a matter of time before the \”untouchables\” become exposed as their own worst enemy.
It\’s too bad that capitalism has de-evolved into the old \”meism\”.
Too bad indeed, but not surprising in a corporate influenced world that loves money more than life, and people.
\”More than 50 companies  from industry bellwethers like Apple Computer Inc. and Home Depot Inc. to many smaller technology companies  are facing questions about whether they manipulated the timing of options grants to boost their value to the recipients and properly disclosed what resulted in outsized and potentially illegal profits for many executives.
Shareholders have already started filing lawsuits, some naming board members or corporate officers for their alleged breach of fiduciary duties.\”
When an insurance company\’s bottom line is suddenly and uncommonly better than previous years, and at the same time credible reports of intentional unfair/lowball/fraudulent claim handling surfaces across the nation, it is only a matter of time before the \”untouchables\” become exposed as their own worst enemy.
It\’s too bad that capitalism has de-evolved into the old \”meism\”.
Too bad indeed, but not surprising in a corporate influenced world that loves money more than life, and people.
Is fraudulent claim handling common or widespread in casualty and property insurance?
If so, how can an agent protect his or her clients from dishonest claims representatives?
1. Yes.
2. Educate them as to what all their premium values have paid for, and stand by them when they have a claim.
Even if they tire of fraudulent claim handling tactics that, by design, wear people out, make sure they are serviced as promised.
Too, one may want to obtain the adjusters\’ [adjuster license] number, and, if necessary, inform state and federal authorities of such conduct.