Gerber Life fined $1.1 million for AD&D claims violations

[Insurance Forums Staff]

Insurance Forums Staff submitted a new article

Gerber Life fined $1.1 million for AD&D claims violations

In voluntary settlement agreement with the North Carolina Department of Insurance, Gerber pays $2.5 million in consumer recoveries.

Continue reading the Original Article.

 

[Life Hawk]

"The average time to process a claim was 208 calendar days."

Hello! That's the average!

I'll put this article in my binder and pull it out every time someone has Globe. That is just criminal.

 

[scagnt83]

Thats just crazy. What a pos carrier and insurance policy.

Its rare to find a heavily marketed child policy that is worth a crap. SF had some really solid child WL policies they sold back in the 60s-90s. Ive run across a fair amount locally, not sure how common they are in other areas.

 

[Life Hawk]

They market this stuff to inner city families... now that violence is on the rise and little somethings are being popped right off their own porch it makes you wonder what sort of hassle are families going through nation wide?

 

[WinoBlues]

Claims and service are always in the equation when I am looking at companies to offer my clients.

 

[toolbelt]

The real issue here is that corporations are able to buy their innocence via a cash settlement, then carry on exactly as before. If you think Gerber must have done something wrong based on the $1.1M fine, what did Herbalife do to earn their $200M fine?

 

[rousemark]

"The average time to process a claim was 208 calendar days."

Hello! That's the average!

I'll put this article in my binder and pull it out every time someone has Globe. That is just criminal.

Why? Wasn't Globe.

 

[Life Hawk]

Why? Wasn't Globe.

Good catch. I'll need to copy past and then change the name from Gerber to Globe before I print it.

Thanks @rousemark.

 

[rousemark]

Good catch. I'll need to copy past and then change the name from Gerber to Globe before I print it.

Thanks @rousemark.

That wouldn't be very nice!

 

[marindependent]

Wow!