Yes but insurance companies aren’t always dishonest or negatively valued.
I’ve tended to have quite good experiences with mine. They can definitely can be underhanded on some things, but so can their customers, and there are going to be times where they have high claim volume with low liquidity that are going to force decisions to be made that aren’t necessarily desirable for anyone.
The frauds running this scheme, on the other hand…
So basically, they’re an insurance company, with no contract to their customers, and less recourse for violation of expectations/terms.
They are a criminal organization intent on stealing your money.
So yes, an insurance company.
Yes but insurance companies aren’t always dishonest or negatively valued.
I’ve tended to have quite good experiences with mine. They can definitely can be underhanded on some things, but so can their customers, and there are going to be times where they have high claim volume with low liquidity that are going to force decisions to be made that aren’t necessarily desirable for anyone.
The frauds running this scheme, on the other hand…
I'd say insurance companies are one of the tools pulled out of the shed when they're needed.
But overall I find the entire premise of insurance little more than a money laundering scheme, or even extortion.