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MRM MRM is offline
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Join Date: Aug 2000
Location: Palm Beach, Florida, USA
Posts: 7,713
No, I didn't see the movie. The statement was that insurance company employees were paid bonuses for denying claims. I find that statement remarkable and if true would revoke the license of that insurer in any state.

Most large insurers paid their executives bonuses last year based on the profitability of their company. Some companies have bonus or stock option programs for employees based on the profitability of the company. I have never heard of companies tying an individual employee's compensation to the type or number of claims they deny. I suppose you could argue that companies are more profitable if individual adjusters deny claims, but the incremental effect of denying any claim in negligble to the average insurer with billions of dollars in premiums and reserves.
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MRM 1994 Carrera
Old 07-10-2007, 07:40 AM
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