Forethought Fined for Slow Claims Payment

[rousemark]

Thought these guys were supposed to be the quickest claim payers in the business.

Texas insurance company must return $25 million in funeral policies | Insurance & Financial Advisor I IFAwebnews.com

 

[xrac]

Thought these guys were supposed to be the quickest claim payers in the business.

Texas insurance company must return $25 million in funeral policies | Insurance & Financial Advisor I IFAwebnews.com

I think this is all stuff where a claim was never filed.

 

[Newby]

Yes, those were unclaimed death benefits. I bet it's from the agreement they had with Service Corporation (Dignity Memorial)? SCI is a Texas company that used ForeThought for the insurance product that they designed for their own company. Any time there is a scandal in the funeral industry, SCI is usually involved in one way or another.

The article saying a "Texas" company made me think that since ForeThought is an Indiana company.

 

[rousemark]

Yes, those were unclaimed death benefits. I bet it's from the agreement they had with Service Corporation (Dignity Memorial)? SCI is a Texas company that used ForeThought for the insurance product that they designed for their own company. Any time there is a scandal in the funeral industry, SCI is usually involved in one way or another.

The article saying a "Texas" company made me think that since ForeThought is an Indiana company.

According to the website, the parent company is in Houston, TX.

To know us is to trust us. | Forethought Financial Group

 

[Newby]

According to the website, the parent company is in Houston, TX.

To know us is to trust us. | Forethought Financial Group

Wow! That map shows that they have moved their main headquarters to Texas. That's news to me.

Bad for Indiana though.

 

[xrac]

Wow! That map shows that they have moved their main headquarters to Texas. That's news to me.

Bad for Indiana though.

Newby, I am disappointed. I thought there wasn't anything about FE and FE companies you didn't know!:

 

[Newby]

Newby, I am disappointed. I thought there wasn't anything about FE and FE companies you didn't know!:

That's exactly what I wanted you to think!

 

[xrac]

That's exactly what I wanted you to think!

Did you use to be with Bankers?

 

[Newby]

Did you use to be with Bankers?

No but I was in a Bank once.

I guess the better joke would be I was in a Banker once.

Never mind!