Ms Shaye

Liberty interchangeable is number 5 on the hawk of entirely major Auto Insurance Carriers. Like twain another(prenominal) company their goal is to be#1. The combined proportionality stand firm quarter (2008) for Liberty Mutual was 98%, which is awesome. On April 23, 2008, LMG and Safeco Corpo proportionn (Safeco) announced that they entered into a definitive agreement pursuant(predicate) to which Liberty Mutual Group, through its subsidiaries, will acquire all bystanding sh bes of special K stock of Safeco for $68.25 per share or near $6.2 billion. Safeco on the other hand had a combined ratio of 94% for the last quarter. Combined ratio is a frank measure of insurance firm profitability. Losses and expenses are on coronate as the numerator with make premium underneath as the denominator. The resulting advisement results in a ratio. A ratio greater than century% means the insurance underwriter is paying out more in losses, expenses, and states than it is earn ing in premiums. A ratio less than 100% indicates greater premiums than losses, expenses, and claims. Both companies shared the same end result as the reason for the refuse in their scores, customer service and the general aloofness of chiliad it takes to investigate a claim.

Studies have shown that at one epoch a customer becomes irate at the length of period it takes to pay for vehicle damages, authorize a car name of a contract it is more likely that a microscopical wound claim will be added just out of spite and not a true injury. The average stoppage for a material injury claim in the elevator car insurance manufacture is $13,500.00. With the continuous influx of bodily injury claims the combined ratio ris! es. The problem statement: Due to the length of time it takes to demoralize a Police report and manage the claims investigation many an(prenominal) customers are left unsatisfied and are often good of complaints which may lead to the precipitation of bodily injury claims. thither is a definite need to repair the process of obtaining police force reports in a readily and efficient manner. My Process procession plan would obtain 2 bids from...If you want to get a full essay, order it on our website: OrderEssay.net

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