Insurance companies are in business to make money for their stockholders.
I don't believe you will find this in any insurance company's mission statement as it is quite obviously a conflict of interest.
Companies that profit by providing less service should not be in business.
I also believe that the onus should be on the insured to educate the provider as to what the risks are.
By nature insurance is meant to spread the cost of claims over a broad subscribership, and the premium is based on some average number, but in this case, it seems like all OW events have been rated as per the most extreme.
For workers comp, some states have allowed private trusts to self insure. The subscribers may actually receive refunds at the end of each fiscal year that sees less than average claims.... don't know if something like this is an option as they may not be approved by every state.
I, for one, feel like its time to move on from this thread and will start another that doesn't have "stupid people" in its title for the purpose of suggestions/recommendations on how to move forward. I trust that the Task Force, OW Committee, and BOD will give it the attention it deserves even if it lacks fireworks.
Insurance companies are in business to make money for their stockholders.
I don't believe you will find this in any insurance company's mission statement as it is quite obviously a conflict of interest.
Companies that profit by providing less service should not be in business.
I also believe that the onus should be on the insured to educate the provider as to what the risks are.
By nature insurance is meant to spread the cost of claims over a broad subscribership, and the premium is based on some average number, but in this case, it seems like all OW events have been rated as per the most extreme.
For workers comp, some states have allowed private trusts to self insure. The subscribers may actually receive refunds at the end of each fiscal year that sees less than average claims.... don't know if something like this is an option as they may not be approved by every state.
I, for one, feel like its time to move on from this thread and will start another that doesn't have "stupid people" in its title for the purpose of suggestions/recommendations on how to move forward. I trust that the Task Force, OW Committee, and BOD will give it the attention it deserves even if it lacks fireworks.
