| Author |
 Topic  |
|
|
R.V. Winkle
USA
155 Posts |
 Posted - 02/26/2004 : 08:40:11
|
| . |
Edited by - R.V. Winkle on 03/20/2004 12:27:50 |
|
|
olderthendirt
USA
370 Posts |
Posted - 02/26/2004 : 14:01:50
|
| Trouble with this kind of vote is that some fee schedules have add ons. I have gone back over the Farmers assigments and compared my average fee to other assignments and it is better then a bottom 10 on the list. maybe we can note those copmanies that allow add ons. I figure I average better then $50 per file on farmers. |
 |
|
|
CCarr
Canada
1200 Posts |
Posted - 02/26/2004 : 14:30:26
|
Dirt Pile, and others, please don't rely so heavily on the last 2 pages of the survey. Yes, that is the overall ranking of a total fee schedule's median score at each gross loss price point. However, each fee schedule is like a wave coming across a calm lake, or a bad cramp rolling through your guts to its eventual resting place.
In the case of Farmers NCC, yes overall their fee schedule scored 41st of 46. But, although it was never way above any median score at any particular point, it was within range of the median at about 60% of the price points, and significantly below the median at the other 40%. Its wave started at the lowest gross loss points, slightly below the median and deteriorated as it progressed to the $30K gross loss point. It then started to improve in value, and finished strongly near the median at the top gross loss price points.
To characterize the Farmers NCC schedule - it is a bit below average at the low end, gets worse, starts to improve quite well by $60K, and is a strong fee around the median at the large gross loss price points. |
|
|
|
sbeau4014
USA
53 Posts |
Posted - 02/26/2004 : 22:17:46
|
| I'm wondering if any of these comparisons take into consideration anything beside the $ amt listed for the claim. I know there are some companies that provide E&O coverage, WC coverage, pay on a weekly or bi-monthly basis and don't wait until they are paid, deduct all the taxes and file them for you, have 401k plans with a match, have cafeteria plans, and other benefits that come into play. These items and other benefits are hard to guage as to what value they have on them. Some of the low ones on the scale may provide these services, where in some of the higher ones listed may have none of these and it may take weeks or months to get the pay, not to mention having holdbacks to deal with. There are a lot of considerations to keep in mind besides the beginning $ amount, and those of you out there that have worked staff for a good carrier can never underestimate the value of some benefits. |
|
|
|
CCarr
Canada
1200 Posts |
Posted - 02/27/2004 : 09:54:54
|
RV, nice to see that you got your thread cleaned up. I put some baggage out for delivery on the "Vendor Feedback" deck last night, and thought I would drop this note while I await the moderation train.
Reviewing the comments to date that follow your poll question, although they are all good points and related in some way to the underlying issues; not one comment directly addresses the polling statement, other than Quaka Mole to some extent. I am puzzled by that considering the anonymity afforded to those that choose.
The question seems clear, and it has not met the critique of our resident guru on the science of polling.
But, alas RV, perhaps the vote has taken place, and we just aren't looking at the results properly.
306 people (at the time of my post) have entered your "Silent Majority Superstore", that you recently opened. 92% of the audience in your store did purchase size 13 "Apathy Walking Shoes", noted for their ability to not leave a mark that could be interpreted in any way. The remaining 25 people that came to your store or 8%, did choose to leave a mark and bought the hard heeled "Here's My Thought Shoes".
Take some comfort from your results. That other "Silent majority Superstore" that you opened down the street with the banner "Brave New World", didn't do as well. Seems you offered too much product in that store, and / or showcased it through shaded wrappings.
I've often wondered of the thought process, when someone enters a thread where there is a poll. What is the trigger or triggers that makes them back away and not respond? Some or most of that answer is found at your "Brave New World" store. But at this store, what is causing 92% to make no choice? It seems simple enough, you stare at the question, and ponder whether to click "yes" or "no". Now if some of the people in your store are "Harry the landscaper" or "Mary the dental hygenist", then yes, the question is not applicable to their life in any way. Surely, your store didn't attract too many people like that, but we do know that everyone in the world is welcome to gather at your store front. Aside from those who care or don't care about the question or the issue - which seems to lend nicely to a "yes" or "no" answer - I don't understand what causes a non-reactive action to this poll question. The only thing I can attribute it to is apathy. If I am right, that is truly unfortunate for the claims industry. |
|
|
|
Johnd
USA
110 Posts |
Posted - 02/27/2004 : 10:39:21
|
| As of this post the results are 80% yes and 20% no. This pretty well shows the vendors have nothing to fear from cutting the rates down even more. Why worry, the 20% can handle most storms for these rate merchants thereby cutting the throats of the other 80%. Sorry, I'm having a hard time getting worked up over this apathy thing....... |
John Durham
sui cuique fingunt fortunam |
|
|
|
JimF
USA
1014 Posts |
Posted - 02/27/2004 : 19:07:11
|
Memo to John Durham:
John do you remember the old joke about the difference between ignorance and apathy? I don't know and I don't care.
I'm with you on this apathy thing too.
I do know that I simply don't care enough to get worked up about it either. |
Edited by - JimF on 02/27/2004 22:14:35 |
|
|
|
Brooks Todd
USA
43 Posts |
Posted - 02/28/2004 : 00:41:03
|
John:
Would you please check reply to you, in the forum of "mentor needed"
It is in regards to my knowledge of O & E.
I am sure it takes 20 years in the industry to have knowledge of what that is.
Look forward to your reply
Thanks
Brooks |
|
|
|
CCarr
Canada
1200 Posts |
Posted - 03/18/2004 : 15:51:05
|
Might I suggest RV that the practice you mention in your last post is not a rumor.
I addressed the specifics of it in another thread, and I am in possession of the February 20, 2004 letter advising of this new practice by ICA to "All Field Representatives".
It is quite odd, that after a few days of this practice being flogged, that no one else has posted in CADO their comments or thoughts on this letter, let alone acknowledging that they received this letter. |
|
|
|
CCarr
Canada
1200 Posts |
Posted - 03/18/2004 : 16:54:36
|
| Me to RV, I've quit a couple of times, almost backed away for good a few times. I have no direct interest in any of the issues or any of the changes that do or may come about in the cat niche. I back away from posting in part for the same reason you mention, and for too many other reasons; that all just add up to why bother? But something tweaks my interest, and draws me back for a while. I'm busy to a point with other things in my life that once this current survey project is dealt with, I'll likely adopt the practice of your namesake relative to CADO. |
|
|
| |
Topic |
|
|
|
Vote with your feet!/ Worst fee schedules
Forum Locked
