I'm absolutely brimming with other ways the retiring officers can make more money before they leave.
1). Only offer state minimums based on the financial responsibility laws for a given state. This is really exciting because it will reduce severity. it will also reduce the amount of express claims coming in, so we can cut those jobs before outsourcing the rest.
2). have remaining adjusters do fnol and keep the claim. this is exciting because we can further fire people while increasing productivity without paying extra
- remove pensions. this is exciting because we're basically paying for nothing. we will also stop offering it as a benefit for new hires.
- remove 401k contributions. this is exciting because we'll be able to charge less for premiums.
please feel free to share other ideas. we win together!