Is there any draw back to departments of insurance coverage making impartial and public adjusting companies topic to market conduct research? While market conduct research, additionally known as market conduct examinations, are frequent concerning insurance coverage firms, why shouldn’t there be common market conduct research of the adjusting organizations?
From the policyholder’s perspective, I’d hope that it could result in better shopper safety. Unfair strategies of adjustment by both group could be uncovered. Indeed, simply the priority that impartial examiners would evaluate their adjustment practices ought to result in higher adjustment practices that adhere to good religion and authorized practices.
Is there a draw back from the policyholder’s perspective for departments of insurance coverage to conduct common examinations of those adjusting entities? Do any impartial or public adjusters assume that having their information critically examined is dangerous for policyholders, and why?
I wrote loads about market conduct research over the previous week, and for these , I’d recommend you begin with What Is a Market Conduct Study.
Thought For The Day
The shopper, so it’s mentioned, is the king… however is he a king who’s being handled in royal style? For the buyer’s kingdom is essentially a kingdom of phantasm.
—Franklin D. Roosevelt