It's in our nature to hate something we don't understand that continues to flourish. Insurance companies are one of those things. In 2009 State Farm Insurance, Florida’s largest insurance company, threatened to leave the State and it’s customers that live there high and dry, when the Florida regulators refused to force a 47% property rate increase on property. When the State refused to impose this on their citizens, the Insurer dropped many of Florida’s clients who had done nothing wrong. People that had paid thousands of dollars into the insurance industry watched it pick up and walk away with their hard earned money.
Our Government was never meant to protect us from a threat such as this. Large companies who make their own rules and many times out control the Government!
A 2007 Investigation concluded State Farm and Allstate Insurance have increased their disputed claims with their own customers. They tell the customer to take a mere $50 for their losses, and that if they refuse, the court battle will be long, expensive, and hopeless. Regardless of State Farms “Clueless Denial” act, states like Louisiana and Mississippi investigated, and concluded that State Farm wrongly denied claims stemming from Hurricane Katrina.
Lastly as the most obvious accost to the American way, during the Katrina Trials Mr. Richard F. “Dickie” Scruggs attempted a to bribe Judge Henry Lackey of Mississippi with $50,000 in exchange for a favorable verdict for his company. Even after acts such as this State Farm insurance and many others like it have still not been indicted on criminal charges.
Progressive insurance has friendly woman in their commercials, but did you know in 2007, in order for them to spy on customers who filed claims against them, they hired Private investigators to disguise themselves as members of a Church congregation that the customers attended! After being caught, Progressive insurance apologized before being sued for violation of privacy!
The truth is that while the insurance companies are the scum of our society, they can only exist to make a profit. If you give them your money there is at least a 50.1% chance you won’t get as much back. After all State Farm Arena, a $23,000,000 complex, had to be paid for somehow! The companies simply must operate, which costs money. This is one of the only businesses you don’t trade currency for a service or good. You literally pay money, for money.
If I grow Oranges then I can give you the Oranges I have in exchange for capital, but if all I have in capital, and I have no goods, or services to offer, then the only way for me to exist is to make more capital, from my existing capital. This is much the same business model as a casino, or the mafia.
The only way to fight against this tyranny is to eliminate our hands from their market. They may be large and powerful, but State Farm and companies like it need income.
Recently, because of healthcare, this has exploded into a huge debate. While insurance companies are already able to tie their services to government entities, such as requiring insurance for licensed drivers, they have not achieved more than a push. The recent healthcare bill requires that anyone of legal age acquire health insurance or face a yearly IRS Penalty. In other words, you either buy the insurance, or pay for it anyway without getting it! Normally such an idea of a public mandate to buy into a corporate enterprise would seem un-American, but this is 2010!
Now I have to admit, if I were a fisherman, an idea for a law that forces everyone to eat fish daily might sound like a good idea for my life! The people who planted Corn, and raised cows would be disappointed, but who cares about them right, I’m only responsible for MY bottom line.
If anyone you knew openly worked with this attitude you wouldn’t want to do business with them, but as insurance companies know, you don’t have a choice. Right now the country belongs to them, proven by the fact that they are almost always able to do whatever they want, regardless of public opinion. They hold the rest of us hostage, by causing rates to be too hard to pay in the first place, and embedding themselves into our countries law just like ringworm to your flesh.
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