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Horned Frog Athletics
Scott & Wes Frog Fan Forum
Listenbee Lawsuit Update 3/19/2018
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<blockquote data-quote="froginaustin" data-source="post: 2717989" data-attributes="member: 785"><p>I'm by no means an insurance expert, and maybe in the last 10 years or so (that's how old my information is) all this has changed.</p><p></p><p>Adjusters are given settlement ranges for the sorts of claims that they handle routinely. Records are kept of average settlements paid, and median settlement amounts.</p><p></p><p>Promotions, bonuses, and job retention are based to a large and in some situations exclusive extent, on where those average payments are in relation to the appropriate ranges and to a lesser extent in relation to median settlements paid.</p><p></p><p>In other words, an adjuster may be working in a job where, if he settles for an average of 50% of his range (just a hypo), all is sweet with his employer. If, on the other hand, the settlement average is higher, there may be no promotions or bonuses. To close to the top of the settlement range, and the adjuster is looking for work.</p><p></p><p>So don't tell me that adjusters aren't rewarded for favorable settlements. They are.</p></blockquote><p></p>
[QUOTE="froginaustin, post: 2717989, member: 785"] I'm by no means an insurance expert, and maybe in the last 10 years or so (that's how old my information is) all this has changed. Adjusters are given settlement ranges for the sorts of claims that they handle routinely. Records are kept of average settlements paid, and median settlement amounts. Promotions, bonuses, and job retention are based to a large and in some situations exclusive extent, on where those average payments are in relation to the appropriate ranges and to a lesser extent in relation to median settlements paid. In other words, an adjuster may be working in a job where, if he settles for an average of 50% of his range (just a hypo), all is sweet with his employer. If, on the other hand, the settlement average is higher, there may be no promotions or bonuses. To close to the top of the settlement range, and the adjuster is looking for work. So don't tell me that adjusters aren't rewarded for favorable settlements. They are. [/QUOTE]
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Horned Frog Athletics
Scott & Wes Frog Fan Forum
Listenbee Lawsuit Update 3/19/2018
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