We Uncovered Where Your Insurance Payments Are Really Going

When you go to big cities note that there are OFTEN skyscrapers with the names of INSURANCE COMPANIES. That should tell ya .

Tomorrow is almost always safer than today. The line at :38 makes no sense.

Yep again the answer is to de privatize… private companies just gouge and give poor value for money. Would love to see each state set this stuff up for their homeowners and watch private insurance get decimated

Why do we allow insurance companies to operate as for profit businesses ? Am I wrong for thinking that's kinda the core of the problem? Everyone and every business requires insurance allowing these companies to operate as for profit is unethical and allows for too much control isolated into the hands of a few decision makers. My2cents to support the channel.

Make Tarring and Feathering Great Again

Fuck insurance. Insurance shouldn’t be for profit if you’re required by law to HAVE it.

When it comes to flood cover in insurance in the UK, in flood prone communities, the govt will help to fund flood defences through grants, either along waterways, or, in the case of towns like Bradford-on-Avon in Somerset, that ALWAYS floods, each individual house gets built in flood defences. Even the listed buildings. That way, the insurance companies can't get away with refusing to cover flood damage, or make it so expensive as to be pointless.

That is what consumer protection looks like here.

So, basically, we should find the cheapest, most basic insurance out there, because they aren’t going to help you when you need it anyway. I wonder if there’s a home insurance company out there like Samaritan’s Purse “health insurance?”

This is the wave of exploitation. Everything that we allowed to creep into our lives with the desire to TAKE away from us.
In the beginning every human being collaborated in order to survive. Then slowly the notion that one person who was held in high esteem was chosen as Leader. That's where we went wrong..
We stopped collaborating , we stopped seeing each other as integral to the process in working as a unit. Each contributing their strengths be it in farming, domestic chores, weaving, iron work etc.
Leaders became swollen with power and ego. Some developed the notion that they were more special than others. Religious beliefs written by men became the Word and the Word was easily written to control. When currency invaded the barter system it poisoned the mind . Trading vegetables for bread was not wanted because the value of a piece of paper convinced people it was worth more. Think about that cause that's led us to where we are today.
We lost sight of how are hard work is worth more than a piece of paper. Our leaders have squeezed every drop of sweat from our labor to live and raise a family for their enrichment.
We have to pay for our food,water,homes,methods of transportation and to die.
Why we can't even bury a loved one without paying for it is proof of the delusion we are in.
There still is hope if we join together to respect each other and each others abilities. To be compassionate instead of competitive. To love instead of hate. To finally realize that every human being was given this beautiful earth with all that is needed to live and die in harmony with Nature. Imagine all the people every single one of us putting away our differences and working for us and not for those who believe they are specifically chosen to dominate . I am Free and that's what was meant for us to be.
Use AI for ways to get your skills traded for items like a car,bike, baked goods to trade. Your car mechanic is more needed than that insurance policy. The men that built your home are more important. The Farmer etc. But we have to agree and work on helping each other to break the cycle of capitalism.

Insurance is based on location and claims or risk activity in that area.

The insurance companies are making a lot of money because they’re taking in more than they are paying out in claims.

So they are still collecting money from insured properties where they never see claims. Insurance companies should make money because of they don’t, they’re considering potentially insolvent.

They shouldn’t be denying claims en masse tho otherwise they can be sued for breach of contract.

Insurance should not be a market product. Non-profit and/or governmental insurance is the way.

For that guy how much he is paying and how much value he gets out of the insurance he might as well be self insured.

Insurance (home, auto, MEDICAL, etc.) and utilities should have never been set up as for profit services. Any issue where our health and wellbeing is at stake should never be for profit. These for-profit a-hole companies need to be taken over or run out by co-ops and nonprofit organizations.

This is good information but it makes me feel helpless. I, personally, don’t feel I have anything I can do. The government doesn’t really care. A president who has no investment in the welfare of other people and is extremely financially secure has no idea of what the people in general face everyday. He has never been to the grocery store, never to the gas station, doesn’t pay his own bills, he has so much money, he can fail repeatedly without repercussions. He just moves on, day to day, to the next debacle that slams the people but does nothing to him.

Absolutely NO “PUBLIC” INSURANCE program!!!! Have we learned nothing? Govt programs become fraud programs. NO NO NO! Everything the govt touches turns to shit. Simply enforce anti monopoly laws already in place and get market competition back in the game. Charge CEOs with fraud for colluding with each other on price setting. Problem will be solved.

I work as a captive agent with a carrier for P & C. And I can categorically say that the individuals were making so much money as writing agents, or actually agency owners, and not the average agent. And this guy doesn’t know enough to differentiate between the two. An agency owner, has their own local agency, and has the ability to build a very large book of business. Whereas I essentially work in a call Center environment, i’ll be it from the comfort of my own home. As an employee, I feel very well taken care of for the most part. My company provides a pension, as well as a 401(k), and a Roth IRA, and healthcare benefits, as well as other benefits. What they are doing though is reducing the average agents ability to gain higher commissions, we’ve had two reductions in our commission structure, which is actually paid out as a “bonus“, based on a point system. Obviously the more sales, the better I do. But the system is dictates, as well as budget, how someone is going to be insured, based on what is available in their state. And being that insurance is currently sold by people, I think the people who are doing the sales, should indeed be well compensated. I don’t think to a ridiculous level, but I do think to a more than adequate level, for the amount of calls, and people we deal with. We do have a base pay, which is only recently been raised by 50 Cent. The opportunity that I saw when I first came in a few months ago, versus now with the reduced bonus structure, is very hard to swallow, because that is the reason why most people stick around, it feels like the opportunity for how much premium I Wright, is less available. And I match this up with how much profit has been made, because it’s far easier for a company to, reduce bonus, or commission, for its sales people, as a way to make their numbers look better, with natural nutrition happening as people leave. This comes down to the fact that companies are only really pandering to doing stuff to make people comfortable, but not more than what they should do for both the customer and the employee. This doesn’t mean that that motor structure won’t be readjusted higher, they’re just waiting to see what the pushback by the sales people will be, basically to see if they can get away with it.

Insurance is a codified scam

The sheer level of corporate steal in this modern age infuriates me so much.

that $25k is a very round number. I have to ask… and wonder (esp when i look at my own policy), what category does a pew fall under? I saw the part where it referenced personal continents, that's not a pew but in my own policy there are set limits for what categories will pay. what's the max? it lacks context there so its hard for me to really assess that here. In any compliant I've heard, when reading, yes reading, the actual policy contract, I see why certain things paid as they did. To me, that's not a fair criticism if the contact paid what it said it would. How much of this is a consumer not reading or knowing what they are covered for? There is a very fair criticism for revolving denials (like we hear with health insurance). When we hear stuff like a roof isnt covered because its 15 years old is an actual problem. That kind of thing can be corrected. Issues surrounding the contact itself, yes have a conversation about that. Stories like this need to include specifics about the contract. Its easy to say something is wrong bc I didnt get what I want or they have high profits — but when necessary, and if you are knowledgeable about what should be paid when something happens and it actually doesnt — ok. show me that and lets go from there. Insurers leaving states (mainly thinking about Florida) is hard, but at the same time – when you live there, you know this. This has been happening for over 20 years. What do you do? Leave or dont insure and save aggressively for when something happens. Something will happen, so be prepared.

Corporate. Greed. Is. Out. Of. Control.

I don't like single payer systems. Those typically get shifted from higher income to lower income weather who don't own insurable assets

Necessary insurance (health, home, auto, etc.) MUST be not-for-profit.

JANE KIM is a rockstar! LOVE HER! ALL INSURANCE needs to be socialized.

If they paid him $1900 then his claim was not denied.

Backstopping insurance companies with gov funds seems ok. But gov run insurance companies seems like a no starter for me. It would be crazy corruption