| Author |
Message |
ksmith
| | Posted on Tuesday, March 28, 2000 - 9:12 am: | |
i think you guys need to do some more homework. especially on that 15% which you seem to think would be more than adequate to run a co-op. if you can you show a detailed budget, it would help the rest of us judge whethor or not your idea is realastic. also, what about liabilities? you mention e&o, but would/could the individual co-op members ever be held accountable for other liabilities that might acrue to the co-op? |
THE PHANTOM
| | Posted on Monday, March 27, 2000 - 10:15 pm: | |
BUSINESS PLANNER:
Does each person that works own a share? Will it eventually be a closed membership co-op? Who says who goes to work first? Are there officers of this co-op and if so, who? Why would I need the service or what would I have to gain by buying a share or joining?
May have a good idea which I recalled tried once but will need much more information and explanation! |
Business Planner
| | Posted on Monday, March 27, 2000 - 8:51 pm: | |
Clarification:
A group of adjusters is considering forming an adjuster owned co-op to offer services directly to the insurance companies. The Co-op would do the billing and provide the E&O coverage. Subscribing carriers would get access to the resumes of all adjusters who were actively seeking work. A major bank would factor a portion of the receivalbes so that the adjusters would not have to wait till the carriers paid to have cash flow. Profits of the Co-op would be distributed back to the adjusters in proportion to their billings. The adjuster net would increase. We are seeking input from adjusters as to interest and desire to own a percentage of the Company. |
Paladin
| | Posted on Monday, March 27, 2000 - 9:01 am: | |
As the saying goes, "you get what you pay for". |
daBear
| | Posted on Monday, March 27, 2000 - 8:31 am: | |
Heck fire guys. There are cat companies now that market Vendors! TWO layers of people feeding off our efforts. With gas approaching $2.00 a galon by summertime, more bureauracrats we don''t need. There are already too many vendors, who are bidding the prices for our work so low that we can make more money staying home. Do we REALLY need this? ALL the vendors are ajuster owned at some point. What we need to do is to decide what is the least we will accept for our work and then don't work for less.
Some of the schedules I am seeing are insulting to professionals. To you carriers out there I say again, don't expect to get real adjusters for your work unless you are willing to make it worthwhile. Otherwise you will find yourself standing in an empty storm office looking at a huge pile of files and wondering where you are going to get adjusters to work them. Remember that good adjusters are ALWAYS in demand when there is work, and we have options. One of them is not to let some carrier with an over inflated opinion of themselves make US pay THEM for working their files. Treat us like professionals guys, pay us for our work, and you will have a much more enjoyable experience. It doesn't cost any more to get it done right the first time.
To the troopers...Guys and Gals
Know before you go! |
Ghostbuster
| | Posted on Sunday, March 26, 2000 - 11:03 am: | |
Yeah, sure...(please note the biting sarcasm)
One more vendor out there feeding off the same small pool of REAL storm troopers. As if, yet another vendor would cause it to hail on houses instead of barb wire!!!
Here's a better idea for a venture capitalist. Why not get a fleet of helicopters loaded with ice from all the motel ice machines and dump it into the tops of cumulo-nimbus thunderheads as they approach urban areas. The roofing industry would be interested in investing in this idea, too. We could make our own hail storms in the right places for a change! |
MKDCO
| | Posted on Sunday, March 26, 2000 - 9:46 am: | |
My feeling is this: Who has the money in this country - Lawyers, Bankers and Insurance Companies and I would rather be working for the Insurance companies even if it is through a vendor. Keeps it within prospective Don't you know. |
John Johnson
| | Posted on Sunday, March 26, 2000 - 9:37 am: | |
To: Business Planner
Sounds like a great idea, but it also sounds like an idea that comes out of the depths of the Harvard University School of Business. It seems to me that many physicians bought into a similar concept of "group medical practices" and allowed a management group (such as a "bank" in your proposal) to control the management of the group medical practice. Now, we all are beginning to see the results of that laison. It is the MBA types who are telling the physicians what diagnostic testing they can perform, who they may see or not see, how often a patient may be seen, what fees will or will not be charged, etc, etc,etc. My gut feeling is that if a bank ever got their feet into the adjustment of catastrophic losses, it would not be long before they controlled who was assigned losses, what losses would be assigned, the fees to be charged, and, yes, an increase in the percentage of their take.
A nationally owned CAT ADJUSTING firm has merit, but without the participation of banks. I have a spare $7500.00 that I could invest if such an acceptable venture was proposed. |
IPO
| | Posted on Saturday, March 25, 2000 - 10:26 pm: | |
With all of the tools available to adjusters today the idea of an adjuster owned Cat Company that uses the internet for carriers to contact adjusters for assignments. The adjuster gets 85% of the billing and a Large Mulit-National Bank floats the recievables for a portion of the 15% of the service fees. Looking for comments and suggestions
signed
Business Planner |
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