Meeting Recap – FAJUA Ad Hoc Vendor Review & Selection Committee Teleconference

Oct 22, 2007 | By

On October 22, 2007, the Ad Hoc Vendor Review & Selection Committee (“Committee”) of the Florida Automobile Joint Underwriting Association (“FAJUA”) held a teleconference to discuss the pricing arrangement between York Claims Service, Inc. (“York”) and FAJUA.

York currently provides claims administration services to FAJUA and has proposed that a minimum fee arrangement be established to insure its ability to service FAJUA properly.  York proposed a minimum of $700,000 in annual fees to support its infrastructure cost.  However, the Committee approved a minimum cap of $540,000 in annual fees (i.e., a minimum of $45,000 monthly).

 

 

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