Hey Classfive, I know exactly what you are talking about. I have been in that building at the corner of 15th and Market in Center City Philly and I will tell you, it could serve as an underwriting office but should NOT operate as a claim adjustor office. It is just too darn nice for low-level workers!
BTW, you forgot to mention that country club setting the adjustors work in outside of Baltimore known as Hunting Valley. I understand it is a couple blocks from a great mall and is located in one of the more desirable areas of suburban Baltimore
WHY SHOULD TRV INVESTORS HAVE TO PAY FOR FANCY OFFICE SPACE?
In case the Grand Poobas at TRV are unaware, underwriters generate revenue and therefore, need nice office space in order to attract new customers. Adjustors, whether it is personal lines, commercial lines, bonds, or workers comp do not generate revenue. They just pay losses Therefore, they do not need fancy office space.
The claim process is as follows:
An insured submits a claim.
The claim goes to the appropriate adjustor
The adjustor either approves the claim or denies the claim
THAT IS ABOUT ALL IT IS FOLKS!
Why does an adjustor need a view of Hunting Valley or Center City Philly to perform this task?
I AGREE WITH CLASSFIVE
Jay, either move the adjustors to Hartford or move them to less expensive space.
In addition to North Broad Street, there is a lot of office space available in a neighborhood known as Kensington. It is right near the Market Frankford El and would be very easy for the adjustors to commute to everyday and I have a hunch the rent would be less than in Center City across from City Hall
A stock price in the 90s is cool, but 100 would be a DOOZIE
I think one way Jay can get this DOOZIE would be to cut occupancy costs starting in Philly and Hunting Valley