Insurance companies have resorted to denying everything and forcing their customers to sue them for their money. I’d say that’s a pretty good sign it isn’t actually profitable today.
Insurance is a numbers game: actuarial tables, predictable risk, predictable liability, and they do pay out occasionally, they even pay out ridiculously over-valued claims occasionally, as part of a numbers game that keeps their overall costs as low as possible.
Insurance companies have resorted to denying everything and forcing their customers to sue them for their money. I’d say that’s a pretty good sign it isn’t actually profitable today.
Insurance is a numbers game: actuarial tables, predictable risk, predictable liability, and they do pay out occasionally, they even pay out ridiculously over-valued claims occasionally, as part of a numbers game that keeps their overall costs as low as possible.
Isn’t profitable? Insurance companies are definitely making profits because of their tactics of doing that to their customers,