A preferred insurance contractor network or third-party administrator (TPA) is not the friend of the property insurance policyholder. As indicated in yesterday’s post, Policyholders, Restoration Contractors and Public Adjusters Should Be Concerned About Managed Repair and Third Party Administrators Working in Preferred Contractor Networks, Kevin Jones’ book, The Insurance Gods: How the Insurance and Restoration Industries Have Failed the Consumer, is a must-read for those wanting to more fully understand how TPAs work against policyholder interests.
Continue Reading Kevin Jones Explains Why TPAs and Managed Contractor Repair Networks Are Scams Against Policyholders

Rene Sigman gave what must have been a humdinger of a speech about an alleged “ethical preferred contractor network.” She called out other co-presenters at the conference who are part of this network for selling out to the insurance industry. An audience member later said that other speakers affiliated with this allegedly new way of “preferred contractor networking” said nothing to rebut Rene or left after she made her remarks. While there is more to that story and new network that is ripe for a blog, Rene properly understands that these preferred contractor systems still leave the insurance company in charge. Worse, there is a new intermediary, usually the Third-Party Administrator (TPA), whose owners only want to make profits by helping the insurance company cut costs.
Continue Reading Policyholders, Restoration Contractors, and Public Adjusters Should Be Concerned About Managed Repair and Third-Party Administrators Working in Preferred Contractor Networks