reyonthehill: The Insurance Company Doesn't Intend On Paying
The Insurance Company Doesn't Intend On Paying
I'll tell you, if I had an opportunity, I'd go after the insurance industry (as well as the pharmaceutical and banking industries, of course). The insurance industry's business model doesn't make sense, unless, that is, they plan on ripping you off.

Insurance company: "If you give me $10 a month, I'll fix your house [or car or health] in case anything* happens."

* For a complete list of what "anything" actually is, please consult a team of lawyers.

For the insurance companies, it is cheaper to pay a lawyer to figure out how not to pay you, then to simply pay your claim. (It makes good business.)

(Note: I'll acknowledge that insurance fraud is a growing problem. Whether or not the current practices of the industry is contributing as a minor component of the fraud is worth investigating.)

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You're absolutely right in your comments. The entire industry is based on the structure of the protection racket: you pay them money just "in case" something bad happens to you, your home, or your car. This isn't at all unlike what members of organized crime refer to as a "shakedown."
-- Anonymous chuck 6/08/2007 12:37 PM  
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An engineer that is "all political and stuff."

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