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Wes
USA
62 Posts |
 Posted - 02/16/2004 : 13:48:53
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| How come there isn't a Wal*Mart of the IA vendors? It would seem that like in all business's that some one would come up ahead and corner the market eventually putting all the smaller shops out of work. I know that there are some much larger companies out there than others but still there does not seem to be a Wal*Mart. Although I know absolutely nothing about the business side of being a vendor it does seem plausible that it would be relatively easy for one company with thousands of adjusters at the ready and branch offices all over the U.S. with the proper networking to come way out ahead of the game. I would also think that the insurance companies would want to deal with a more national company that I am imagining as there may be more consistancy in claims handling procedures and adjuster/appraiser qualifications. Maybe though I have it all wrong and the insurance companies would not want to deal with such a large company as this would switch the balance of how claims are handled over to the IA vendor side. Hmmm??? |
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Ghostbuster
476 Posts |
Posted - 02/16/2004 : 14:29:41
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| Yeah, it used to be called GAB, then Crawford, then Pilot, then this , that, and the other. Everytime an outfit got up and going, a rolodex of names and phone numbers would come up missing and another Big Time Ultra Professional Insurance Services Co., Inc. would pop up like so much crab grass. |
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trader
USA
236 Posts |
Posted - 02/16/2004 : 14:51:37
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| Numbers like 90-95% of all cat claims are roof specific. Numbers like two days ride along training are realistic numbers. The labor pool is fragmented and unlimited. The fee,s will get much lower as this is the only cost the insurance carriers can control; THAT can not be factored into loss ratios for rate increases. Simple less staff less IA,s. To hell with loss payments. Does any one live and work in Texas and remember the mold farce? |
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Wal*Mart of the Vendors???
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