The insurance industry has a great scam of a gravy train going on with home and business owners. Think about it. Collect the premiums, deliberately fail to pay out the claims, pocket the profits, leave town, reduce the coverage, increase the premiums, repeat.
Just as a bookie collects from its gamblers, these companies collect money from us, the home and business owners of America. If we never have a situation where we need to make good on our policy, the insurance company has kind of made out like a bandit. All of this is legal and above board. We understand it’s a form of legal gambling, and we know the risks of what may happen if we don’t participate.
In essence, we’re essentially betting that we may one day need to tap into our policy, our legally biding contractual agreement with our legal bookie. When something happens and we need our gamble to pay off, we expect our insurance carriers—our bookies—to make good on our legally binding agreement.
Here in the Katrina-ravaged region of the country, our bookies are skipping town with our money pointing their proverbial fingers to the water in the Gulf of Mexico. Read more . . . .
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