This is “pigs get fat and hogs get sladdered”. Sorry to hear about the handicap of unfair competition. The system remains broken. All is fine if you belong to the Big Boys Club. This is sick.
I guess these guys have plenty of money to pay claims up there in Colorado if they can squander all this money on a lavish trip. I bet their insureds appreciate them doing this to keep premiums down. All of these clowns need to be replaced immediately and responsible people installed in their place.
Will you little ignorant agents get a brain? This is a mandated responsibility that very few can handle. This trip amounts to a spit in the bucket. Go find something better to complain about and leave this matter to the ones that can handle it.
Hey Big Boy. It is people like you that have the “entitled” mentality that is what is wrong with this country. You must have been one of the lucky recipients of the trip. Do business people really need $1,400 a night rooms and $400 rounds of golf at Pebble Beach and all the food and liquor they can hold? I bet they wouldn’t have selected this spot had it been out of their pocket.
In an effort to keep it brief, the Big Boys take a lot of heat each and every day while doing the best for the ones we serve. It’s always the meager “want to make a name for themselves” press boy that thinks spending money is evil. Sorry to report, but that is the way Big Boys get things done. We just do it and never worry about how some $10.00 an hour greenhorn wants to report it.
The governor should demand the board reimburse the agency for it’s trip. That’s the only way to get the point across that this is unacceptable. But no, the chief state politician would only comment that the board “used poor judgment”. This is another example of how sick this country really is. Some people just don’t get it. An I don’t know where “Big Boy” comes from, but since when is $318,000 a “drop in the bucket”?
Actually, Big Boy has it right. You think it’s a lot of money? Go look at the website. They paid out dividends of $394 million over the last 6 years. They have $55,000 accounts. The average worker’s compensation account is like $20k is it not? This firm is likely bringing in revenues in the billions annually.
The site is impressive. And to put it bluntly: This is nothing compared to AIG. The amount of money divided among 55,000 clients is: 17 cents. That’s why it’s spit in the bucket. We operate the best we can to ensure we aren’t slaves. He’s right. Would you rather they be slaves and never enjoy themselves? 17 cents is what it cost each insured and you’re pissed off? That’s not the type of cost cutting we should even be reporting on. It’s polarized reporting.
And you are pretty much all ignorant for falling for it except for Big Boy.
I am with you Achmed. If this was a purely private company and they wanted to reward their executives with an expensive trip or if they wanted to reward agents for outstanding performance in production and loss ratio, I would have no problem with it. Since, it is a quasi state company funded with taxpayer dollars, I think it is a bit ostentatious to say the least.
Premium earned: $398.5 million
Investment portfolio yield: 4.8 percent
General dividends: Approximately $120 million
Customer retention rate: 91 percent
What part of that is tax dollars?
Wasting $318,000 dollars which I might add was added to outside economy, out of $120 million that they gave back is bad? What is ostentatious is your expectations of how the firm should operate based on it being a “government” firm. Not everything is black and white. I actually like the concept of this firm as opposed to the crappy monopolistic Washington State worker’s compensation.
Thank you Bob and others for bringing relevance to this matter. In closing, I would like it to be known that I appreciate all the people in an organization that makes it run better each day. Rewarding and acknowledging those that make a difference is very important. Outings like this one can accomplish much more than just the evaluation of a total dollar amount. If this outing was held by an organization that didn’t have the means then that would be a different headline. Planning, recognition, awards, and yes relaxation from the daily grind can harvest benefits all year long. Mr. Obama instructed us to lay off of Vegas which I would agree with for an operation such as this. Just because one organization runs one way should not deter another organization from trying something different. That is the American way.
I have been off with a job related injury and my orthopedic surgeon says I should not return to work until I see him in May. The work comp doctor over rode it and said I need to get back to work even though I am not capable. I guess they need these paid doctors in their pockets so they can afford these trips. Pinnacol representative said my surgeon is only an opinion and will only be used as such. Wish they would care for the patients as well as they do their board members.
This is “pigs get fat and hogs get sladdered”. Sorry to hear about the handicap of unfair competition. The system remains broken. All is fine if you belong to the Big Boys Club. This is sick.
I want to party with these guys. $1,400 rooms . . . nice!!
what’s “sladdered”?
I guess these guys have plenty of money to pay claims up there in Colorado if they can squander all this money on a lavish trip. I bet their insureds appreciate them doing this to keep premiums down. All of these clowns need to be replaced immediately and responsible people installed in their place.
Will you little ignorant agents get a brain? This is a mandated responsibility that very few can handle. This trip amounts to a spit in the bucket. Go find something better to complain about and leave this matter to the ones that can handle it.
I’ll assume your screen name has nothing to do with the size of your…ummm…brain?
Hey Big Boy. It is people like you that have the “entitled” mentality that is what is wrong with this country. You must have been one of the lucky recipients of the trip. Do business people really need $1,400 a night rooms and $400 rounds of golf at Pebble Beach and all the food and liquor they can hold? I bet they wouldn’t have selected this spot had it been out of their pocket.
In an effort to keep it brief, the Big Boys take a lot of heat each and every day while doing the best for the ones we serve. It’s always the meager “want to make a name for themselves” press boy that thinks spending money is evil. Sorry to report, but that is the way Big Boys get things done. We just do it and never worry about how some $10.00 an hour greenhorn wants to report it.
The governor should demand the board reimburse the agency for it’s trip. That’s the only way to get the point across that this is unacceptable. But no, the chief state politician would only comment that the board “used poor judgment”. This is another example of how sick this country really is. Some people just don’t get it. An I don’t know where “Big Boy” comes from, but since when is $318,000 a “drop in the bucket”?
Achmed and everyone else:
Actually, Big Boy has it right. You think it’s a lot of money? Go look at the website. They paid out dividends of $394 million over the last 6 years. They have $55,000 accounts. The average worker’s compensation account is like $20k is it not? This firm is likely bringing in revenues in the billions annually.
You might also want to read:
http://www.pinnacol.com/about-us/
The site is impressive. And to put it bluntly: This is nothing compared to AIG. The amount of money divided among 55,000 clients is: 17 cents. That’s why it’s spit in the bucket. We operate the best we can to ensure we aren’t slaves. He’s right. Would you rather they be slaves and never enjoy themselves? 17 cents is what it cost each insured and you’re pissed off? That’s not the type of cost cutting we should even be reporting on. It’s polarized reporting.
And you are pretty much all ignorant for falling for it except for Big Boy.
Bob,
Not that I’m disagreeing with you or big boy, but I’m not sure where the hell you pulled 17 cents from.
$318,000 / 55,000 = $5.78.
Again, a drop in the bucket.
Former,
I put the results against the wrong number. You’re right. I worked up a few before posting side by side and posted the wrong one.
Thank you.
I am with you Achmed. If this was a purely private company and they wanted to reward their executives with an expensive trip or if they wanted to reward agents for outstanding performance in production and loss ratio, I would have no problem with it. Since, it is a quasi state company funded with taxpayer dollars, I think it is a bit ostentatious to say the least.
State funded?
Premium earned: $398.5 million
Investment portfolio yield: 4.8 percent
General dividends: Approximately $120 million
Customer retention rate: 91 percent
What part of that is tax dollars?
Wasting $318,000 dollars which I might add was added to outside economy, out of $120 million that they gave back is bad? What is ostentatious is your expectations of how the firm should operate based on it being a “government” firm. Not everything is black and white. I actually like the concept of this firm as opposed to the crappy monopolistic Washington State worker’s compensation.
Thank you Bob and others for bringing relevance to this matter. In closing, I would like it to be known that I appreciate all the people in an organization that makes it run better each day. Rewarding and acknowledging those that make a difference is very important. Outings like this one can accomplish much more than just the evaluation of a total dollar amount. If this outing was held by an organization that didn’t have the means then that would be a different headline. Planning, recognition, awards, and yes relaxation from the daily grind can harvest benefits all year long. Mr. Obama instructed us to lay off of Vegas which I would agree with for an operation such as this. Just because one organization runs one way should not deter another organization from trying something different. That is the American way.
I have been off with a job related injury and my orthopedic surgeon says I should not return to work until I see him in May. The work comp doctor over rode it and said I need to get back to work even though I am not capable. I guess they need these paid doctors in their pockets so they can afford these trips. Pinnacol representative said my surgeon is only an opinion and will only be used as such. Wish they would care for the patients as well as they do their board members.