People need to go to prison
Senator Josh Hawley “What you're telling us is these big insurance companies went to a consulting firm, McKinsey, and asked them to design a program to help rip off policyholders?”
“That is correct, sir”
Josh Hawley “And that has that been successful? I mean, has their program been successful in ripping off policyholders?”
“It's been incredibly successful, sir. It is actually part of this systemic fraud that's occurring every day now.”
I can vouch that State Farm does this. it took FOREVER to get our roof paid after a hailstorm with baseball sized hail. They denied so many things... and low balled us on the claim. Luckily my husband was on them constantly and they paid for almost everything, I think, just to get rid of his calls. Otherwise, even after the roof was replaced, they took SIX MONTHS to pay the roofer. They didn't pay us fair market for pieces of our cars we had to replace. all sorts of headaches. Plus after paying them for 30 years with only small claims against our insurance, they raised our rates after the hail claim. For what we have paid them, we have paid for our hail damage at least 20 times over. Such a scam.
I always say that if we didn't get insurance, and instead put the money we would have paid them into an interest bearing account, when there was damage we could pay for it ourselves and still have money left over to take ourselves to dinner.
Unfortunately when you have a mortgage, you have to have insurance. What a scam. Don't even get me started on car insurance....
Yet on my state your required to buy insurance for certain things.