FAIR Plan Cost Sharing Alliance Mission Statement
The shared services mission of the FAIR Plan Cost Sharing Alliance is to provide high quality services for FAIR Plans at the lowest possible cost. Removing duplications in costs associated with various components of FAIR Plan insurance operations.
Acting as a service provider for various FAIR Plans, we will strive to reduce operating expenses by combining services for Plans where size and activity level may require the improved efficiencies achieved by centralized operations. We will deliver cost-effective quality services of optimum value to each Plan, while ensuring that the costs of the consolidated services and operations are as low as possible. We will continue to streamline and monitor the consolidated services we provide to FAIR Plans.
We will continuously evaluate our services to ensure we meet the needs of our insureds and the standards of our individual boards, member companies and Departments of Insurance. We understand that each FAIR Plan is ultimately responsible for their own operations and as a result will provide the appropriate oversight and guidance to all centralized operations.
Frequently Asked Questions
- Claims Handling – Licensed Claims Staff have multiple years of claims experience administering, managing, investigating, adjusting and settling claims in the following states: AK, AL, AR, AZ, CA, CO, DE, FL, GA, IA, ID, IN, IL, KS, KY, LA, MD, MO, MS, NC, NE, NM, NV, OH, OR, SC, TN, TX, UT, VA, WA, WI, WV, WY.
- Accounting – with multiple full time CPA’s on staff, the Alliance has in depth experience with Statutory Accounting principles and policies.
- Underwriting – Alliance underwriters fully understand the unique processes of underwriting FAIR Plan business. They are also able to manually rate, as well as test your systems rating.
- Auditing (Claims and Underwriting) – Alliance staff can perform both claims and underwriting audits of your Plans work. Alliance staff can also conduct audits using your Plans claims or underwriting committees.
- Payroll Services – our Alliance staff can work with the vendor of your choosing to handle your payroll services. We have experience in working with ADP as well as Paycor.
All Alliance employees are cross trained in multiple areas within the organization to allow for efficiencies in operation. With an ability to scale up quickly when needed (ie. CAT’s, or market changes).
Alliance employees have continued education with many holding CPCU, AIC, AINS, AU, or other designations. Almost all Alliance employees have tenured experience in the standard industry working for carriers such as State Farm Insurance, Allstate Insurance, Allied Insurance, Hanover Insurance, Safeco Insurance, Progressive Insurance, AAA Insurance, Westfield Insurance, etc.