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Snyder's-Lance, Inc. Message Board

  • sunshine_man101 sunshine_man101 Jul 16, 2008 6:41 AM Flag

    COMPANY DRIVER'S BEWARE

    I keep posting this information for the NEW DRIVER'S and the old one's that finally find this message board. It is worth posting for them.

    I would suggest that the COMPANY VEHICLE DRIVER'S read the following CLOSELY:

    >>>In addition, we maintain insurance reserves for the self-funded portions of workers' compensation, auto, product and general liability insurance. Self-insured accruals are based on claims filed and estimated claims incurred but not reported based on historical claims trends.

    For casualty insurance obligations, we maintain self-insurance reserves for workers' compensation and auto liability for individual losses up to $0.5 million. In addition, general and product liability claims are self-funded for individual losses up to $0.1 million. We evaluate input from a third-party actuary in the estimation of the casualty insurance obligation on an annual basis. In determining the ultimate loss and reserve requirements, we use various actuarial assumptions including compensation trends, healthcare cost trends and discount rates. We also use historical information for claims frequency and severity in order to establish loss development factors. In 2007, this estimate of loss reserves ranged from $13.3 million to $16.8 million. Consistent with prior periods, the 75th percentile of this range represents our best estimate of the ultimate outstanding casualty liability. We used a 4.5% investment rate in 2007 and 2006 to discount the estimated claims based on the historical payout pattern.<<<

    Then, read this part again and again...

    >>>we maintain self-insurance reserves for workers' compensation and auto liability for individual losses up to $0.5 million.<<<

    http://biz.yahoo.com/e/080222/lnce10-k.h...

    A MUST READ...

    You and your family may not be protected as much as you think or been told...check it out!

    Job protection??????? What is it?

    Along with the following...what do you have in coverage? Lance, basicly is self-insured and so, who do you think that look out for?

    Then, read this post by SALEM...one of the owners...

    >>>Salem, a couple of questions for you:

    1. Do you have UM(unisured motorist protection) coverage on you and your wife's vehicles?
    2. What are the limit's of the UM Coverage?
    3. What is the need for UM COVERAGE?
    4. IS LANCE, INC. SELF-INSURED?<<<

    Answers:

    >>>1. YES
    2. Ample
    3. Self-Explanatory
    4. I Have NO Idea…<<<

    I know that you hated to answer them...playing stupid won't get you into some places...

    >>>Insurance Claims
    The Company maintains a self-insurance program covering portions of workers’ compensation, automobile, general liability and medical costs. Self-insured accruals are based on claims filed and an estimate of claims incurred but not reported. Workers’ compensation, automobile and general liability costs are covered by standby letters of credit with the Company’s claims administrators. Claims in excess of the self-insured levels are fully insured up to $100 million per individual claim.<<<

    http://yahoo.brand.edgar-online.com/fetc...

    Why do you have UM coverage but think that it is OK for your driver's NOT to have UM coverage? DOES SINGER and HIS CREW HAVE UM COVERAGE ON THEIR VEHICLES?????

    If you care about yourself and your family; check into UN-INSURANCE COVERAGE on that truck???????????)

    You need to check it out...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • BALLLESS,

      :)

      Keep paying those taxes...the Black Robin Hood is going to help you out somemore...if, old and worn out McCain gets in, he will have you help out the corporations some more and therefore taxes will go up...golden rule...can't be more going out than coming in...maybe, that business school you and Salem keep referring too should add that to their class:))

      >>>When you believe anything else then you're living in a make-believe world.<<<

      As I have stated several times before...can you read?...ask someone in the know if I am an idiot?:))

      >>>That didn't come about until libs like you started it back in the 30's.<<<

      My, My, My...how old do you think that I am? Those 20 year old's still like me...

      >>>If you've got all this $$$ you keep bragging about why you go get yourself some pretty little beach bunny (or beach boy , more likely) to play with and take your mind off all of the BAAAAD things that Lance has done to you?<<<

      Once a month I am reminded...that's when my bank statement(s) come...

      You probably don't know about the Navy guys...do you? You know, a different girl in each port. With Six Sat.'s and one Sunday...I think that I have the time. This Lance thing is just a hobby...it takes little time to see what is happening and it appear's very little!

      Ballless, are you someone's BITCH? I guest that you would have to be with no ball's!

      >>>They don't care how long, how faithful, how hard you work if when the bottom line is red.<<<

      It appear's that the Lance driver's are as faithful to Lance as Lance is to them:))) Check the turnover...and, RESULTS!

      Life is great! Maybe, I will just enjoy the pool today and work on my tan...but, it really does not need anymore...the beach, pool work's wander's...you should try it. Bring some of that money of your's to the sunshine state...before taxes getttt somemore of it...

    • bfortso@ymail.com bfortso Jul 25, 2008 4:27 PM Flag

      You are still such an idiot.....

      You think that the businesses in this country are here to HELP us poor downtrodden serfs.
      Well you're wrong, they have only one mandate... that is to make money for the people who invested in them...otherwise make a profit.

      When you believe anything else then you're living in a make-believe world. They don't care how long, how faithful, how hard you work if when the bottom line is red. When it is in the black they will throw us enough bones to keep us on our jobs and not at the competition.

      This is not rocket science, this is capitalism!
      Like it or not that is the way this country forefathers designed it. There was not supposed to be any SOCIAL system to support us. That didn't come about until libs like you started it back in the 30's.

      You seem like a fairly intelligent guy (after all you acknowledged that I'm smart) why can't you get this. Nobody owes you squat. If you had a legal case I'm sure you would have hired an attorney to sue on your behalf by now. Since you haven't I assume you don't have a case.

      So why don't you crawl your little liberal butt outside and get a life? Quit whinig about how bad you've been treated and get over it. This stuff is just going to fester up and drive you crazy if you keep picking at it. If you've got all this $$$ you keep bragging about why you go get yourself some pretty little beach bunny (or beach boy , more likely) to play with and take your mind off all of the BAAAAD things that Lance has done to you?

      BTW
      You're still an idiot!!!!!!!!!!!!!!!!!!!

    • BALL"LESS",

      :) Still will not answer the simple questions...but, it does not surprise me.


      >>>Businesses are there to make a profit so that they can give a return to their investors.<<<

      Coult this be what is WRONG in America now? Yet, you want people to give their lives to some company...people are not as stupid as you make them out to be.

      BALL"LESS",you need to read your own posts...both of these in the same post...over-educated?

      >>>Quit your whining and shut the f**k up!<<<

      >>>You know the great thing about America is we are free.<<<

      Does this include speech?

      You may be surprised about the following:

      >>>Maybe you need to talk to your representative or senator's office about this (you probably will have to look them up, bet you can't name them offhand)<<<

      Forgive me, but, I had to repeat this one:))

      >>>Businesses are there to make a profit so that they can give a return to their investors.<<<

      Businesses say THANK YOU to the following...they love smart(or, actually stupid?) people like you...penny continus and dollar foolish:))

      As laws are passed to relieve the $ burden of employee's to corporation's so that they can make more profits; who pick's up the slack?:))))

      Guess who? YOUUUUUUU

      Where do people go that find out that corporation's are not required to help them...can you say the SOCIAL SYSTEM. Therefore, YOU pick up the slack for the rest of their lives! So, the next time that you look at your payroll deductions...the people on the social system say THANK YOU and keep up the good work...just like the corportations...

      >>>Of course the corporation will just pass that cost on to the consumers.<<<

      Well, the government will just have to pass the cost on to the taxpayer's...who pay for everything in the end...now, BALL"LESS", how about that?

    • bfortso@ymail.com bfortso Jul 24, 2008 10:18 AM Flag

      You know the great thing about America is we are free.
      Nobody has to work for an employer if they feel like they are not getting the benefits that they feel they are worth. You can leave and work for somebody else who gives you what you think you deserve.
      If you can't find somebody who will do that then maybe your job skills need to be upgraded, maybe you need to work for yourself, or maybe you need to provide whatever benefits you feel are lacking out of your own pocket.
      Employers are not required to provide benefits except those that are required by law i.e. Social Security, Medicare and Workers Comp. Anything else is there to compete with other companies for the available labor pool. Businesses are there to make a profit so that they can give a return to their investors. If you think of it as anything else (they exist so as to take care of the employees) then you are a socialist who needs to find another country.
      Maybe you need to talk to your representative or senator's office about this (you probably will have to look them up, bet you can't name them offhand) and see if they will pass legislation to mandate the coverage you want. Of course the corporation will just pass that cost on to the consumers. Maybe you ought to go back to school and take BUS 101.
      Until then I repeat:
      Quit your whining and shut the f**k up!
      BTW
      You're an idiot!

    • CC:

      Driver's...who has the most need for the Uninsured Motorist protection...

      1. Someone sitting in a AC'd office all day...Singer-Chorus
      2. Someone that is driving all day and exposed to the driver's(many illegal) that have NO INSUREACE...

      Those bean counter's know the odd's to a percentage point! And, it ain't in your favor!

      So, who need's the coverage more Mr. BALL'LESS"? Are you worried about your fellow man kind or just the money in your pocket? The answer is obivous...now, what is wrong with America?

    • I can see that you are BALL"LESS"...

      Why didn't you answer the questions?

      1. Do you have UM coverage on your vehicles?
      2. What limit's?
      3. Does Singer and his chorus have UM coverage on their vehicles and what limits?

      >>>What difference does it make if Singer has UM? I don't care, I just know that when compnies get to a certain size then all of them go the self-insurance route. It's just good business.<<<

      Good for who? Lance or the employees? If you, Singer and his chorus have UM coverage...why shouldn's all driver's have the coverage?

      You cannot talk the talk until you have walked the walk...

      Basicly, you want people to work 12 hours a day...sometimes seven days a week...for the best years of someone's life and when something unexpected happens...should show them the road and make fun of them...

      Now, you tell me what is wrong with theis picture and AMERICA?

      Well, I said to HELL WITH LANCE and now, I will say the same to you!

      >>>Bad things happen, get over and move on, take responsibility for your own life and quit blaming others.<<<

      As I stated eariler, ask the people in the KNOW did I take responsibility for my life and the things that happen...

      Driver's, make sure that you read the post pertaining to insurance coverage and follow-up...just take a few minutes and talk YOUR local inusrance agent on this matter...you will not regret it. Don't listen to Lance's crap about Worker's Comp., etc...If Worker's comp. is soooon gooood why does Singer and his chorus have the UM coverage? The last time that I checked they are employees of Lance and therefore have Worker's Comp coverage too...

    • bfortso@ymail.com bfortso Jul 17, 2008 1:05 PM Flag

      Sunshine Man:
      All large companies are selfinsured for medical,dental, auto, worker's comp, etc.
      BTW
      You are an idiot!
      I repeat:
      You are an idiot!

      • 1 Reply to bfortso
      • Does that mean that none of them have UM on their company vehicles? Does Singer, the V.P.'s have UM coverage on their vehicles? I know, now they get car allowances...what is the reason for that now? Could it be that they want UM Coverage???? :))

        >>>You are an idiot!<<<

        :)))) Ask the people in the KNOW if I am an idiot...not, according to my BANK ACCOUNT$$$$$$$...or, to my advisor's...can you say SIX SATURDAY'S AND ONE SUNDAY IN MY WEEK...what does your's say?

        The only time I was an idiot was when I asked for help from the VanI's and received NOTHING. But, they did me a favor$$$$$$$

 
LNCE
25.35-0.42(-1.63%)Jul 30 3:59 PMEDT

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