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Not so easy as that......I wish it was.  I live in a heavy foreclosure area and want those force placed claims....they're out there, but where????????

Again, not that easy. 

The IA group i work for  handles primarily Assurant forced place, and has since i started. As matter of fact i have worked all of this time 98% forced place and the other small amount actual HO policies. That is a question i have been trying to get answered. Where are all of the vandalism, theft, fire and neglect reported as whatever losses we used to handle month end and out? The latter part of 2009 and currently into this new year has been veeeeery slow. I mean bad, i.e, maybe 2-3 small paying assignments a month. I spoke with a staff adjuster a while back, and he says that they have been redirecting their focus from residential foreclosures to commercial foreclosures, due to the large amount of foreclosed residential homes.And if you have no commercial experience you will be passed up for work. Another source says he heard (only heard) that the carriers are still getting losses reported from TPA's etc., but believe they will sit on the properties until a larger event happens. I dunno

Posted By miracleaa1990 on 22 Jan 2010 11:18 PM

Again, not that easy. 

I second that, it is not that easy. I have been looking, calling for months only to be told "It's slim pickings here also".

The IA work on daily losses is as competative as any IA. work. Many of the people who go after this work cut the rates to get the work and your vendor seems to be drying up. I have known a few old timers over the years that work direct and cut the vendor out, but whats the story about biting the hand that feeds you.......ever one knows the competition and the word gets out.....

Regarding forced place insurance. I know staff adjusters for one of the large forced place companies and over the past year their work has dropped off.  We used to do claims for them and our work dried up as they could travel a wider area with their decrease in claims.It may be that the carriers are now telling the lenders the coverage is now based on the market value instead of the loan amount, much larger deductibles and policies canceled as the amount paid in previous claims exceed the market value by todays standards.  This along with taking the commercial risks vs the residential and you have a perfect storm for fewer claims.

Ray is right on the money as always when he said that the firms who go after this work have cut the rates to get the work and vendors are dying on the vine. Too many firms, too many people with licenses and too little work makes for a very bad time.

Whatever the reason, or mixture of reasons, i am quickly burning out. Day in day out worryiing when and if anything will be sent to me. If i was a betting man i would put alot on me being done for good with claims handling in the next year, or sooner. However, with the economy the way it is there is not much else happening to become involved in that will pay a decent living wage.

to the topic of staff salary

If Assurant gets a steady rate of 35 or so claims for several months, a staff field position is created- or, the firm just strangely stops seeing claims in that area. 

I say strangely, because it is clear that the IA firm was doing decent work with the amount of claims they keep getting elsewhere.

Posted By Olegred on 23 Jan 2010 07:18 PM

to the topic of staff salary

https://lmig.taleo.net/careersectio...eerBuilder

That job sure sucks- 75% travel with that pay?...  However, for the one that lands it, it would be a terrific 'pay your dues' type of position to develop job security as an IA.

Posted By 65Daily on 24 Jan 2010 03:55 PM

If Assurant gets a steady rate of 35 or so claims for several months, a staff field position is created- or, the firm just strangely stops seeing claims in that area. 

I say strangely, because it is clear that the IA firm was doing decent work with the amount of claims they keep getting elsewhere.

Or, another firm is getting the work!! But, the firm i work with has a very low cap off rate.  And the standard billing up to the max amount seems more than reasonable. I just don't know how or who could do it any cheaper. Only mn charge applies if no estimate is completed.

Many good adjusters would cut their bill to get 50 week a year work and sleep at home ever night.

Posted By Ray Hall on 24 Jan 2010 06:28 PM

Many good adjusters would cut their bill to get 50 week a year work and sleep at home ever night.

Me to, if only i could find the work. I have hunted hard for more work , with emphasis on the day claims because they should be out there. I expect cat work to have down time, but i know well with all of the foreclosures that people are breaking in stealing copper, HVAC units and appliances. Not to mention those properties still occupied. 

Last year i was all over the Southeast handling these types. No way have these losses just suddenly stopped.