the insured against loss is embodied in the policy document, often fifty .. authority to direct Allstate to produce the McKinsey documents. When. A couple of weeks ago Allstate made its McKinsey & Co. documents available on its website. The document dump involved approximately. McKinsey & Company has been a major influence on insurance company claim Allstate had refused or was slow producing documents to the Department as it .

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According to an unpublished Harris Interactive Poll conducted in September, 16 percent of surveyed adults have experienced financial hardship while waiting for an insurance claim to be settled or know someone who has. Storm Season is […]. Here is a link to our prior blog on the McKinsey documents if you want more history on the documents as well as information in the news recently by those trying to get at these documents to include the FL Insurance rating hearings where the requests for these documents kept coming up in recent months-Click here.

Just the outside walls were left untouched. Taken aback, she then asked if it wasn’t in his best interest to settle the claim. Allstate spokeswoman Laura Strykowski said the company can’t comment on specific cases because of privacy requirements, but considers its claims process both legal and effective.

So What’s In Allstate’s McKinsey Documents? | Brian S. King

You describe the circumstances. However, because of the need to address misunderstandings resulting from the growing misplaced focus by our critics on very small pieces of the whole, we have decided to make the documents public. This mmckinsey webinar will qualify you to work Daily or Catastrophe claims in We continue to believe that the documents deserve protection as containing trade secret and confidential proprietary information and that our actions to protect them from general disclosure have been appropriate.


We have now updated our Claims Classes link here on the blog with some important information on NFIP training dates, sponsor workshops, and other important industry conferences you may wish to view here: But experts like Feinman argue that insurance regulation has become little more than a fig leaf. Due to the extensive damage from Hurricane Sandy and the massive need for insurance claims adjusters, we have added a new page on our ClaimSmentor information blog dedicated to claim job opportunties for adjusters wishing to work storm duty here: Rather than adjusting claims the traditional way, which gave claims managers wide latitude to serve customers, insurers embraced a computer-driven method that produced purposefully low offers to claimants.

These data only reflect confirmed complaints — the ones that the state insurance commission has investigated — so the actual number of delayed claims is likely much higher. Notify me of new posts via email. McKinsey’s strategy put profits above all.

The next day, she said, Burdette’s Allstate adjuster told her the house could be repaired. Get certified from the comfort of your home.

Roberts told HuffPost that, by his estimate, the companies that take in 70 percent of total insurance profits in the United States now abuse their obligations to their policyholders. McKinsey has worked with State Farm, another insurance giant, and other companies in redesigning their claims systems. Allstate also said it would have to do a thorough investigation to determine if the fire was caused by mckindey.


Feinman, the Rutgers law professor, also suggested the deck is stacked against individuals who make claims. The contractor couldn’t be reached for comment. You can leave a responseor trackback from your own site.

So What’s In Allstate’s McKinsey Documents?

Excellent info provi… on Louisiana Claim licensing, Dochments. Allstate gains — others must lose. Tap here to turn on desktop notifications to get the news sent straight to you. April 8, at You are commenting using your WordPress. The Hurricane Center reports in the 5pm ET report that Hurricane Isaac winds are now 80 mile per hour as it approaches the Louisiana coast.

Insurance Claim Delays Deliver Massive Profits To Industry By Shorting Customers

The slides were introduced in litigation inwhen the insurer turned them over under a temporary protective order. When it rains it pours!

The stunning increase, said Russ Roberts, came through “driving down loss values to an average of 30 percent below the actual market cost” — that is, paying dramatically less on claims. By continuing to use this website, you agree to their use.