|
|
 |
 |
 |
 |
 |
In Reply to: Why do insurance companies fail? posted by David Smith on October 22, 2003 at 03:53:38:
: Hi, I am carrying out a piece of research through university at the reasons behind failing insurers. I know you can look at the financial aspect, and i have done that. However i would like to observe the underlying reason why they have failed. Does anyone hold opinions on this, or have any relevant materials they could email me. I would be very grateful.
Yes, Insurance carriers fail to properly evaulate and investigate the claim when the claim is first opened, then when it goes in to litigation, there corporate people fail to evaulate the investigation and evaulate the file and they also
fail to perform an intensive evaluation at the on set of litigation. The adjustor listen to there "billing hour attorney" then the cost of litigation sky rockets. Soon the carrier is up side down.
Acturaries believe that all Carriers will eventually fail, on a mathmatical therory.