re: For those who rip on insurance companies

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It's both. People don't understand it but the companies also do plenty of shady, unethical shite to push the bottom line. It's not mutually exclusive.

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I won't deny that shady shite goes on in the insurance industry, usually from the sales reps and very rarely from the underwriters or claims department. The incidents of legitimate claims being denied is extremely rare because they are subject to regulatory reviews at all times.


It's harder to regulate the sales reps because most disputes come down to "he said, she said". However, if it's provable that the sales rep knowingly misled a customer applying for insurance, the punishments are pretty severe.


Nobody however, regulates the consumers. This leads to billions of dollars in fraud every year, and in the end the dishonest consumer fricks the company, everyone else who now have higher premiums, and ultimately themselves when their claim is denied.