Named As Rebaters – J&L Risk Management at ISO Conference
J&L was recently named as rebaters at an ISO conference.I had heard many times of the saying “You know that you are successful when bad things are written about you.” I am not sure of the saying’s source.
At a recent ISO national meeting, we were named as one of the 11 bad workers comp review companies that are basically spewing out untruths to make a profit. If I remember correctly, there were three premium auditors that worked on the presentation. They even had links to the “awful” websites/companies such as ours. I wonder if the ISO had thought to screen the presentations. The ISO is such a good organization to allow presentations such as this one.
They had a quote or two from the blog – of course without my permission – that said untoward things about the insurance companies. The comments of course were taken completely out of context. With almost 360 blog posts, taking a part of one sentence and holding it up to the light does not make much sense.
The one thing that concerned me is that we were identified as rebaters. Rebaters used in this sense is a totally inaccurate term. Rebaters are agents or brokers that will refund back part of their commission to a client to be able to sell the client a policy. As all of our web pages point out at the bottom, we do not sell insurance. One has to wonder how accurate these auditor presenters are on their audits if they actually had professed that we were rebaters which is totally the wrong term. Rebating is an illegal act in the insurance world.
Please note that we are not rebaters in any way or form. We review Workers Compensation policies and reserves for statistical inaccuracies that may result in overcharges for employers. We do these reviews on a contingency or hourly basis. We also are expert witnesses on premium disputes. We often do performance file reviews for Self Insureds.
I wonder what the next inaccurate bad press will say about us? I hope they at least check the definitions of the words they are including in their articles.
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