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Michigan Post > Blog > Economics > Insurance coverage The #1 Client Fraud In America | Economics
Economics

Insurance coverage The #1 Client Fraud In America | Economics

By Editorial Board Published December 6, 2024 3 Min Read
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Insurance coverage The #1 Client Fraud In America | Economics

QUESTION: Why have you ever not commented on the killing of Thompson in NYC?

DD

ANSWER: I don’t know what you need me to say. I feel this was inevitable, as insurance coverage corporations are the #1 shopper fraud rip-off of Individuals every single day of their existence, they usually grease the palms of politicians to be exempt from shopper fraud. I’ve NEVER had any insurance coverage firm EVER honor what they faux. I used to be self-insured right here for the storm. A man a few doorways from me was paying $40,000 yearly for insurance coverage, they usually denied all his claims. He’ll not purchase insurance coverage. One among my employees had her automotive parked, and a drunk man slammed into it, totaling the parked automotive. Her insurance coverage firm stated he needed to be paid by the opposite one, over a 12 months and no fee. My mom’s home had a pipe freeze. They despatched investigators asking neighbors if she was there as a result of she went to remain at my sister’s. They’ve a clause that in case you are not there, they won’t pay. That price me $50,000 to repair her house. In a storm, the highest of the tree broke and lunged right into a model new Porsche, perhaps 2 weeks previous. I despatched it to the Porsche seller, who despatched it to Bordentown Autobody, which burned down with my automotive inside. Allstate stated it was two deductibles.

They cost your automotive insurance coverage on the worth you pay for model new. Put in a declare, and it’s abruptly depreciated, but they proceed to cost you on the unique worth. They NEVER scale back your automotive insurance coverage in proportion to the depreciation. That’s shopper fraud, and our flesh pressers do NOTHING!

Insurance coverage corporations kill individuals on a regular basis. This was inevitable. The shell casings discovered on the scene the place the UnitedHealthcare CEO was shot lifeless by a masked gunman in entrance of a busy New York Metropolis lodge had “deny,” “defend” and “depose” written on them. This was retribution. It’s a disgrace that it’ll not change the tradition of insurance coverage, and the police and politicians will like to search out this man and kill him in a blaze of glory. No one will ever have a look at the corruption that despatched this man over the sting. I’m very involved that we might even see others begin to do the identical, for these within the insurance coverage business will at all times worship the penny over the lives they faux to care about. Our legislators line their pockets on the expense of We the Individuals.

 

TAGGED:AmericaArmstrongConsumerEconomicsfraudInsurance
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