Agreed and we have had talks about it. If there are going to be arrests then so be it. My main point is the people that come on here and dont comment, they make up scenarios and project their opinion as fact. Just because they did an article on it doesnt make it over with. There are still people that are awaiting their day in court. They deserve to have that day and deal with it as it comes. Slonaker being the worst, what type of fraud is he commeting with his engine web site? That was my statement for glass houses. As for insurance companies, do you guys on here really think they are honest???? I deal with them daily, they treat their customers horribly by denying needed repairs or want places to do shoddy work to save a buck. Who are the real criminals?

The politicians and lawyers.

Offshore,

You must be a contractor. To say that that all insurance companies treat customers horribly by denying them needed repairs is false. I am a building consultant, hired by insurnace companies, to make sure that the building is put back to "like kind" condition. If they did not give a **** about their clients, they would never hire us in the first place. Yes I have had allstate try and sweet talk me into settling a personal home owners loss in the past, but those are few far, and in between to included all in there company.

Insurance companies want to take your premium and then do anything they can to pay as little as possible on a loss. It is their business model. This one can't be blamed on lawyers or politicians.

Insurance companies are legal bookmakers. They play the odds daily. I have a client right now that state farm is with holding payment as they found someone cheaper. it's legal theft is what it is, they take premiums happily and complain at payouts.

Bunch of "bitter" folks on this thread!

Naw

i love the line about Jeff only taking from insurance companies.

Last time i checked i had nothing to do with an insurance company.

He may not have got arrested for that theft but karma is a *****.

Im used as an umpire..and it amazes me what insurance companys will do..to not pay.. Thats why I get called or judge appointed to make it a level playing field between the insurance co best vs the customers hired private adjuster.. very interesting, and can get ugly at times.

I agree with you to a point, but the bulk if not all of the money they make is made in the float between payment and the losses themselves. I have been on huge claims where the yearly premium is only 5 million, with 10 million in losses half way through the year. It works both ways.

Don't even get me started, for every poor home owner story, there is another one with the home owner trying to get rich quick. If you don't believe me, I have hundreds of examples I can share with you.

One recent loss (less than 4 months old) that comes to mind, is a home owner in the North suburbs of IL. where the owner single handedly tried to pay off his house ($1,000,000.00), from a sump pump failer in the basement. He wanted his whole house redone, including: landscaping, sprinkler system, heated driveway, exterior EFIS system, windows and doors, and all finishes on the basement and first floors. He had all the contractors "lie" and say that things were damaged "due to the loss" etc, or that they would not be in warranty (home was 15 years old with no current warranties in force). There was about 2" of water in the basement, thats it. The insurance company wrote a check to this guy for $240,000.00!!! My repair cost was $58,000.00, giving the homeowner the benifit of the doubt on all finishes in the basement. After the insurance company paid the $240,000.00, the homeowner came back with an estimate of $780,000.00 for a flood that was 2" deep in his basement.

Like I said, it works both ways. In my experience with insurnace company's, they pay first and ask questions later. Keep in mind, I work on losses over $100,000.00 for the most part.

this is the point I was making, I personally know people on this board that have hit insurance companies for additional costs...isn't that stealing? hence my glass house comment.