Restoration Rebel Roundtable 5/16/24 : The Underpayment Crisis

Hello Restoration Rebels,
We're excited to invite you to this week's Restoration Rebel Roundtable, happening this Thursday at 5:30 PM PST! For over seven years, we've gathered every other week to discuss pressing issues in our industry, and this session promises to be one of the most crucial yet.
*Topic: The Emerging Trend of Insurance Carriers Underpaying Claims by 50% or More*
Recently, there's been a concerning trend where insurance carriers are underpaying claims by significant margins. To shed light on this issue, we've conducted a survey over the past couple of weeks, and the results are startling. Here are some key findings:
- *Underpayments:* Many of our fellow contractors have reported that their invoices are being underpaid by as much as 50% or more.
- *Industry-Wide Issue:* Every major carrier was represented in the survey results, indicating that this is a widespread problem affecting the entire industry.
- *Payment Delays:* A significant number of invoices remain unpaid for over 120 days, creating cash flow issues and operational challenges.
We will delve into the data, discuss its implications, and explore strategies to address this growing problem. Our aim is to empower each other with knowledge and tactics to ensure fair and timely payments for the essential services we provide.
Details:
*Date:* This Thursday
*Time:* 5:30 PM PST
*Where:* Streamed live on [Andrew G McCabe's LinkedIn feed]( / andymccabe ) and the [Claims Delegates UA-cam channel]( / claimsdelegates .
Only Rebel members can join the conversation "on stage." I will post the live link in the Rebel Facebook page on the day of the event.
Don't miss out on this opportunity to connect with fellow Restoration Rebels and equip yourself with the insights and strategies needed to tackle underpayments effectively. See you there!
Best regards,
Andrew G McCabe
Host, Restoration Rebel Roundtable