Growing pains
Article Abstract:
Insurance companies are making a renewed push to use work site marketing with payroll deductions to sell their property and casualty products. A previous effort to market property and casualty services through work sites in the late 1970s and early 1980s failed because payroll automation was not yet advanced enough to handle pricing tiers and fluctuating endorsements. The current level of automation allows companies to offer a wide variety of products for customers with different risk levels.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Justice for all, windfalls for few
Article Abstract:
Insurance companies are protesting discrepancies between class-action lawyers' fees and individual class members' recoveries. A recent example is a settled class action in Texas against State Farm Insurance and Allstate Insurance, in which the firms allegedly "double rounded" their customers. All 4 million plaintiffs can receive $5.57 each. This compares to the $10.3 million in fees and $1.67 million in expenses for the plaintiffs' counsel, led by Dallas-based attorney John R.W. Cracken.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Elephant hunt: big-game attorneys target insurers
Article Abstract:
The insurance industry increasingly is finding itself the target of class-action lawsuits. A segment of the legal community, class-action specialists, are aiming directly for insurers and other deep-pocket industries. Among the reasons for the rise in class-action suits are the communications explosion, a larger pool of attorneys, increased publicity and insurers' damaged image.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Comment about this article or add new information about this topic:
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