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R.V. Winkle
USA
155 Posts |
 Posted - 01/27/2004 : 20:02:53
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Gee, so much info, so little time......
I like the one about the agents selling ACV policies......I don't know who recon man insures his house with, but a lot of people in Texas with paid for housing can't afford anything else right now.....He is now accusing agents of illegal practices, adjusters of illegal practices, and he seems to be dwelling here since the TDI and Allstate are ignoring him.
It is up to the consumer to adequately insure their home. Sure they rely somewhat on agents, but it is each individuals right and duty to make educated choices. I want a contractor to roof my home well, and judging from all of the 4-door F350 Super Duty trucks running around, I think most are finding enough profit somewhere(NOt going to debate that topic again). Maybe tonight we'll get a break while he is watching NH's democratic primary news coverage |
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KileAnderson
USA
875 Posts |
Posted - 01/27/2004 : 21:03:38
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| ReconMan, are you trying to say that agents sell ACV only policies because that's what they want to sell? If you didn't know, agents make a commision from selling policies, the higher the premium, the bigger the commision, the bigger the commision, the younger and prettier the agents wife...um... well you know what I mean. Why the hell would an agent purposely sell a cheaper policy when they could make more money selling the higher premium, higher commision policy? I think you have lost your grip on reality. |
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JimF
USA
1014 Posts |
Posted - 01/27/2004 : 21:25:28
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For all you red meat lovers, here's another little ditty from the very same AllStateInsuranceSucks.com website wherein our favorite insurance expert shares more of his wisdom and philosophy with the consuming public. And don't worry, there is more coming, so stay tuned:
************************************************************************
Name: Roger Poe
E-Mail: rogerpoe@acnet.net
City/State: Weslaco / Brownsville / Texas / US
Remote Name: 66.68.220.131
Date: October 18, 2003
Comments
Attention Allstate Employees / Adjusters, Adjusting claim services......When your Allstate trainers tell you that claimants are liars, and that you must 'stick to your story' in "justifying" their / (your) unfair claim settlement practice, you might want to think about the accumulative affect a guilty conscience has on descent people, such as yourselves. Those questions you have had regarding the continuous unfair treatment of people you have witnessed your superiors or other seasoned team members brush off, or explain away as an "us against them" mantra, are real questions needing your conscientious attention....You owe it to the people (claimants) you look in the eye everyday, that truly need you to handle claims fairly, to do just that. You need to recognize Allstates reverse psychology, guilt trip, double-speak, double innuendo, deny / reward / deny tricks used on YOU from the day you joined their "Team" has molded you to the point that you feel the "power" you have over people, and that feeling is what you are addicted to....That is why you have been able to ignore your conscience, and ignore the way you treat many of your claimants....Just remember though, a guilty conscience will eventually have its say.....
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KileAnderson
USA
875 Posts |
Posted - 01/27/2004 : 21:37:45
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| Wow, so all adjusters are just mindless automatons who blindly do whatever we are told. I didn't know that. Well I have to go. I have to eat the Soylent Green my manager gave me. Talk to you guys later. |
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CCarr
Canada
1200 Posts |
Posted - 01/27/2004 : 22:09:11
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Kile, while I was gathering my thoughts relative to your previous post, I've noted your last one. Somewhere in these forums, about a year ago, is a quote from a court transcript regarding a bad faith claim against Farmers; wherein Farmers tried to defend the actions of their adjusters, or perhaps to better phrase it - tried to explian the actions of their adjusters - by referring to them not unlike you have in your interpretation of what you read.
But, I wanted to step in for a moment - but first everyone look close and clearly read the two banners I am carrying as a great weight and at my peril. The one on the front tucked in around the collar of my parka says, " I am not defending Recon Man"; and as I turn around read the one tucked in under my toque that says, "really I am not defending Recon Man".
Okay, I just wanted to give a little insight relative to Kile's comments regarding the types (ACV / RC) of policies an agent may sell and why. This is just a chapter from my past, during my long years with a carrier and the resulting constant exposure to agents. I don't know if any of this specifically goes on today or whether Allstate ever did or does any of this.
Basically carrier folk look at agents through shaded glasses and stereotype them both strategically and otherwise. The basic splits are the agents that "sell price", and the agents that "sell coverage"; and either of those could be a well respected agent to the carrier. There are other types, but they don't necessarily fit the scenario or discussion that Kile took exception to.
The agent that "sells price" generally (on average) is not as product wording knowledgeable as the agent that "sells coverage"; but the former tends to be a born salesman and insurance contracts are the current widget. Whereas the 'coverage' agent is also very successful but through different styles and methods. An agent grasping for a sale, that focuses on "selling price", is much more inclined to sell the more basic products and coverage to consistently achieve his goals.
Then to add to that mixture, the carrier in any given year may look at either type of agent's book of business and say, "we would like more 'standard' or 'ACV' type policy growth in your book; perhaps because of the specific territory or region that agent is focusing his sales in, or the current loss ratio of the book, flagged with too many losses outside of the basic perils or a high ratio of RC payments.
Then to add further to that mixture, is the always present contingent profit for the agent from the carrier, dependent on their contract and based on written premium, mix of book, loses and other factors as the concept of contingent profit evolved over the years.
I could add two or three more elements that affect why an agent or group of agents could be labelled as selling a lot of ACV policies; and another could as easily be the financial status of homeowners as RV pointed out.
The ideal financial picture you point out Kile is of course true, with respect to premium and commissions; but there are a lot of reasons why an agent would purposely sell a cheaper policy, i.e ACV rather than RC. |
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fivedaily
USA
258 Posts |
Posted - 01/27/2004 : 22:12:17
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I am locking this thread because it is woefully off topic.
In the interest of full disclosure, I am an employee of Allstate Insurance. However, as already stated, I am locking this because the posts no longer reflect the topic "Contractor City."
Jennifer, moderator. |
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Contractor City
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