Meeting Recap – FAJUA Ad Hoc Vendor Review & Selection Committee Teleconference
Oct 22, 2007 | By Colodny Fass
On October 22, 2007, the Ad Hoc Vendor Review & Selection Committee (â€œCommitteeâ€) of the Florida Automobile Joint Underwriting Association (â€œFAJUAâ€) held a teleconference to discuss the pricing arrangement between York Claims Service, Inc. (â€œYorkâ€) 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.Â York proposed a minimum of $700,000 in annual fees to support its infrastructure cost.Â 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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