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Corporate Lesson No. 1
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Picture of Michael Robinson
posted 09 December 2024 16:48
Corporate Lesson No 1: If you are a health insurance CEO with a multi-million dollar annual income, and if you are receiving anonymous threats on your life, you should hire a Tier 1 security detail and never leave home without them.

No joke.


Mike

Wilderness is my cathedral, and hunting is my prayer.
 
Posts: 13874 | Location: New England | Registered: 06 June 2003Reply With Quote
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posted 09 December 2024 17:04Hide Post
If you are in charge of a health company, and refuse over 30% of claims, you should be on your toes!


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Posts: 69953 | Location: Dubai, UAE | Registered: 08 January 1998Reply With Quote
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Picture of Moremonte
posted 09 December 2024 21:27Hide Post
Just Shows That Anyone Can Become a Target If Needed. flame
 
Posts: 2048 | Location: Grove,OK. | Registered: 20 July 2002Reply With Quote
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posted 09 December 2024 22:15Hide Post
And, when you are buying an insurance policy, familiarize yourself with what is covered, what is not covered, what are the limits and deductibles.


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Posts: 2658 | Location: Minnesota | Registered: 08 December 2006Reply With Quote
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posted 13 December 2024 08:07Hide Post
Exactly. I just posted one of my experiences on the Miscellaneous forum. I learned my lesson on that one (until the next one comes along), Now I carry full coverage on my vehicles, but I'll bet they find a way to get out of that too.
 
Posts: 4449 | Location: Austin,Texas | Registered: 08 April 2006Reply With Quote
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posted 28 December 2024 21:02Hide Post
quote:
Originally posted by df06:
And, when you are buying an insurance policy, familiarize yourself with what is covered, what is not covered, what are the limits and deductibles.


That is why policies should be in plain language, not legalese.


When the horse has been eliminated, human life may be extended an average of five or more years.
James R. Doolitle

I think they've been misunderstood. Timothy Tredwell
 
Posts: 1703 | Location: Central Alberta, Canada | Registered: 20 July 2019Reply With Quote
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posted 29 December 2024 06:28Hide Post
Grizzly,

I'm an insurance lawyer and represent insurance companies. Don't represent health insurers.

For all of you out there, my clients want to pay claims that they owe at a fair amount.

You wouldn't believe the fraudulent claims I see, usually pushed by plaintiffs' lawyers. They are the real problem for all of us. You pay more for everything you buy because of unscrupulous plaintiffs' lawyers. Let that sink in. And think about it if you are on a jury.

As for "plain language" in insurance policies, they had a push for that about 20 years back and it's not a good idea. Seems like it would be, but any ambiguity is construed against the insurance company and the classic language that has been used for 100 years or so has been interpreted by the courts so we (meaning the lawyers) all know what it means. As soon as you change it there is no authority interpreting it, I don't know what it means and the court doesn't know what it means. Bad idea.
 
Posts: 10634 | Location: Houston, Texas | Registered: 26 December 2005Reply With Quote
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