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Started By
Message
re: Personal injury fraud ring is hitting the news.
Posted on 10/31/18 at 4:00 pm to Slippy
Posted on 10/31/18 at 4:00 pm to Slippy
LOL at Tort Reform
No pay..No play also passed in his first session. Look at how low he brought our insurance rates. Thanks Gov Foster
quote:
Mike Foster, no friend of lawsuits and plaintiff attorneys, was elected governor. He ran on a platform of tort reform as did many newly elected members of the Legislature. Governor Foster wasted little time taking up that challenge. He called a special session shortly after his inauguration and pushed a package of three major reform bills to bring some balance back to the civil justice arena—and to remind the state Supreme Court that it was the Legislature’s job to write laws, not the court’s.
quote:
Foster’s three-bill package included reforms long sought after by LABI and the business community: strict liability, joint and several liability, and punitive damages reforms.
No pay..No play also passed in his first session. Look at how low he brought our insurance rates. Thanks Gov Foster
0
Posted on 10/31/18 at 4:01 pm to Chad504boy
quote:
Vote for Tort Reform.
Whenever I bring this up on the poliboard, you get gnashing teeth and howling from the ambulance chasers and their sympathizers there.
They managed to delay it four years by going all in on Vitter's hookers and propping up Dardenne and Angelle but sooner or later it will happen here in Louisiana and they will be brought to heel.
Posted on 10/31/18 at 4:02 pm to TigerGman
quote:
So a severely injured worker has to take it in the shorts so multi billion dollar companies can save some money...
The claim I'm referring to came from a sprained ankle...I shite you not
ETA: Also, this isn't about the insurance company, it's about fellow consumers. Insurance companies are going to make that money back regardless of the outcome. Hence the rate hikes in Louisiana
This post was edited on 10/31/18 at 4:04 pm
Posted on 10/31/18 at 4:04 pm to Slippy
Perhaps a firm of brothers (real life, not black) and one of their sons?
Posted on 10/31/18 at 4:05 pm to SCLSUMuddogs
quote:
Insurance companies are going to make that money back regardless of the outcome.
most auto insurers in LA has been losing money every year.
They get rate hikes cause the alternative is they are gone and there will be nobody left.
Posted on 10/31/18 at 4:06 pm to boosiebadazz
quote:
boosiebadazz
Will I see your name on the list?
Posted on 10/31/18 at 4:07 pm to Sentrius
You repeat your talking points and leave. Every time.
Posted on 10/31/18 at 4:08 pm to Chad504boy
quote:
They get rate hikes cause the alternative is they are gone and there will be nobody left.
You're in insurance and you think that's why we get rate hikes? If an industry suffers losses, carriers raise rates to compensate for losses. This is why people like actuarials have jobs. If losses continue, then the carrier gets out of the industry. This is pretty basic stuff.
I've worked on both the company and agency side
ETA: Furthermore, about that "alternative to leaving the state." What comp carriers were in the state of Louisiana in 1991? I'll give you a hint, it's zero. Hence the existence of LWCC. Commercial auto is headed down the same path. We have about 4 carriers in LA at this point
This post was edited on 10/31/18 at 4:13 pm
Posted on 10/31/18 at 4:11 pm to SCLSUMuddogs
quote:
If an industry suffers losses, carriers raise rates to compensate for losses. This is why people like actuarials have jobs.
Actuarials are projecting future losses not making up for previous losses
Posted on 10/31/18 at 4:14 pm to Chad504boy
quote:
Actuarials are projecting future losses not making up for previous losses
How do they project further losses? Out of whole cloth? No, from loss history.
Posted on 10/31/18 at 4:14 pm to WoWyHi
There is an ortho in N.O. who all the plt attys use for major cases.At one point 2 yrs ago he was performing 7 back surgeries a week @ $25K a pop. Do the math. Another's specialty is taking a ankle injury and working his way up to the back. Bad ankle leads to a bad gait, knee messed up, so surgery on ankle and knee, bad knee messes up the hip, hip surgery which leads to a bad back which leads to back surgery . What are the odds that there are kickbacks out there?
Posted on 10/31/18 at 4:17 pm to SCLSUMuddogs
You just conceded my point
Posted on 10/31/18 at 4:19 pm to Chad504boy
quote:
Chad504boy
Posted on 10/31/18 at 4:20 pm to Chad504boy
quote:
insureds pay my bills not companies.
when an insured is that pissed off at a company, they are going to leave me even though i'm an independent that represents many.
why the hell do i want my insured mad? The company saving $500 in a claim or trying to deny rightful coverage helps me none
How many times have you went to bat and fight for lower premiums for your insured? I’m not talking about just claims I’m talking about premium increases for homeowners and auto insurance year after year after year with no claims whatsoever. Higher premiums are higher commissions for you so I doubt very seriously that you go to bat to get them lower premiums by then it’s too late they can’t shop around because they’re locked in to their rates because y’all are use the same underwriters.
Posted on 10/31/18 at 4:24 pm to tgrbaitn08
quote:
How many times have you went to bat and fight for lower premiums for your insured? I’m not talking about just claims I’m talking about premium increases for homeowners and auto insurance year after year after year with no claims whatsoever. Higher premiums are higher commissions for you so I doubt very seriously that you go to bat to get them lower premiums by then it’s too late they can’t shop around because they’re locked in to their rates because y’all are use the same underwriters.
I get you have legitimate concerns and questions but you really don’t have a clear picture of what my job entails and how this works.
I shop coverage and prices for my insured all the time. Move them to different carriers all the time. It’s pretty much my purpose.
Posted on 10/31/18 at 4:28 pm to Chad504boy
quote:
I shop coverage and prices for my insured all the time. Move them to different carriers all the time. It’s pretty much my purpose.
Yeah I had an independent I was with for 7 years kept telling me the same thing until I shopped around on my own and found out he was full of shite. Dropped his arse like a bad habit. Dude was only in it for the commissions. Should have known Westbank trash.
Posted on 10/31/18 at 4:33 pm to WoWyHi
Nope, I’m legit as they come. I’ve also withdrawn from shady situations once the facts came to light. I sleep just fine at night.
Posted on 10/31/18 at 4:39 pm to Keltic Tiger
quote:
There is an ortho in N.O. who all the plt attys use for major cases.At one point 2 yrs ago he was performing 7 back surgeries a week
See, that's where it breaks down for me. How does this # compare per capita? NOLA has 390k population at best. Plus there are a shite-ton of docs doing backs. Even rolling in surrounding areas for plaintiffs, you add a lot of surgeons too.
I just don't believe there are enough car accidents to support the number/volume of cases needed for even just the TV attys, especially when half or more drivers only have minimum insurance.
Something has to give in this market.
This post was edited on 10/31/18 at 4:41 pm
Posted on 10/31/18 at 4:41 pm to TheCurmudgeon
Gordon and Morris and the mills are perverting the system. I know a pre-lit attorney for one of the mills and he has 200 cases and his average settlement is $2800. A lot of lower socioeconomic professional plaintiffs.
Posted on 10/31/18 at 4:43 pm to boosiebadazz
(no message)
This post was edited on 5/16/21 at 7:56 am
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