Is it true that insurance companies purposely delay reimbursement?
Just wondering about it. My sister worked with [car] insurance companies in her previous two jobs, and said that when the claims are larger, they'll purposely delay it. I only ask out of curiosity. I submitted a large health claim to my insurance company over eight weeks ago (usual claims take 48-72 hours) and despite my consistent calls, it sort of seems like the insurance guys are sitting on their hands with their thumbs up their butts when it comes to my case.
Asked By: MissMoniby - 9/6/2011
Best Answer - Chosen by Asker
As a former auto claim adjuster for 10 years and working in 4 different companies, can state the reason for delays on larger claims has to deal with management. As a adjuster, I may have $10,000 authority to settle claims. But if the claim is $10,001, have to submit to a supervisor for authority to settle and also... More
Answered By: lucy - 9/7/2011
Additional Answers (1)
definitely, because it's the insurance business. in order for them to make a profit, they need to do their best to pay you the least and that takes time. they are also counting on that if they take a long time to pay then you will more gladly accept a smaller amount, leaving you to pay the rest. there have even been... More
Answered By: Michael - 9/6/2011
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
(89) Local Jobs Paying $19-$97 Per Hour- Available Today. Apply Now!
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
New job opportunities added daily. Search & apply for DC jobs now.
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.