125 Allstate's CEO is cashing in $26 MILLION a year—but the company can't “afford” to pay out their customers' claims . . . (twitter.com) posted 1 year ago by brain_dead 1 year ago by brain_dead +125 / -0 36 comments share 36 comments share save hide report block hide replies
ALL fucking insurance companies should:
-Be forced to be not-for-profit
-Should NOT be allowed to give out bonuses to admin
-Should have the rates of benefits paid out to individual consumers published
-Have full transparency on the company's financial transactions
-Should be audited annually, by an unbiased unrelated party, to make sure the public isn't getting hosed.
We pay in premiums in good faith that we will be covered in a time of need
I don't know what needs to happen with insurances but I know they are a big scam.
IMO ---- insurance is gambling for profit and should be made illegal.