Insurance Agencies(American)

[Codester1991]

Isn't it odd, I got to thinking. Insurance agencies are a form of gambling. The only way you win is by losing. Literally betting against yourself and the only way it's valid is if it's a literal accident. Crazy stuff.

[Codester1991]

The reason I say America in the top is simply because I don't know how the insurance agencies around the world work.

[LinkCelestrial]

It's a corrupt, stupid system. If anything goes wrong they do their damndest to make sure they don't pay you and jack your rates if they do. It's supposed to protect but instead it exploits.

It's better here in Canada but it's still dumb. When my dad breaks his leg and waits for 30 minutes for my mom to drive him because we can't afford an ambulance, something seems wrong.

[redwolv]

The issue with american insurance is they are for profit companies. Their revenue is just the payments they get. Any time they pay out reduces their profits, which they want to avoid. Personnally insurance should only be nonprofit organizations.

[LinkCelestrial]

The issue with american insurance is they are for profit companies. Their revenue is just the payments they get. Any time they pay out reduces their profits, which they want to avoid. Personnally insurance should only be nonprofit organizations.

I agree. Hard to make happen.

[Codester1991]

Impossible in the states I believe. The hole has been dug way to deep to find a way out of it.

[redwolv]

You can make a non profit insurance company. They'd just end up with a massive savings account

They could just drop the payment rates for people then.

[Codester1991]

My reasoning for saying the hole is too deep is because the greed is to high. These company's won't drop the pay rates because they're making too much money.

ANYWAYS, this post was about the similarity between insurance and gambling lol not the rights or wrongs of the insurance agencies. Lol basically we are betting against ourselves each and every time we make a payment lol

[Mr_Fahrenheit]

Dunno about other countries but here in Australia you are better off buying shares in insurance companies than actual insurance.

[Piotr]

The reason I say America in the top is simply because I don't know how the insurance agencies around the world work.

In UK and elsewhere in the world, the only way you win is by losing. Literally betting against yourself and the only way it's valid is if it's a literal accident.

In free market insurance companies are a positive thing because they allow people with no courage to do courageous things. They provide additional option, and all is ok until you force people to insure themselves against their will (Socialism). Then it becomes pure evil* ;]

Of course, that is exactly what Obamacare is. Of course, 2 + 2 = 4 in real world.


* 'pure evil', as defined by 'forcing people to do things they would not want to be done to themselves' ;]

[Rass]

The reason I say America in the top is simply because I don't know how the insurance agencies around the world work.

In UK and elsewhere in the world, the only way you win is by losing. Literally betting against yourself and the only way it's valid is if it's a literal accident.

In free market insurance companies are a positive thing because they allow people with no courage to do courageous things. They provide additional option, and all is ok until you force people to insure themselves against their will (Socialism). Then it becomes pure evil* ;]

Of course, that is exactly what Obamacare is. Of course, 2 + 2 = 4 in real world.


* 'pure evil', as defined by 'forcing people to do things they would not want to be done to themselves' ;]

The thing here you are missing no one is forced to have auto insurance. You can live your life without auto insurance. Now if you want to have the privilege of using a car or other motor vehicle in common areas where others use yes you need to have insurance. This because you have to protect the other people who are on the streets from you or any accidents that may happen.

[Piotr]

I don't really buy this logic ;] How exactly is insurance preventing accidents from happening?

If people are insured, they are less careful and cause more accidents for a start. This is how basic psychology works.

In addition we have plenty of anecdotal evidence of criminal gangs exploiting mandatory car insurance by causing fake accidents and claiming from insurance companies, who then bill the customers. Sometimes these fake accidents turn real, which is collateral damage of having mandatory car insurance.

New Hampshire has it optional, don't they? Most civilised. https://www.nh.gov/insurance/consumers/documents/nh_auto_guide.pdf

It is great that we have car insurance companies, because otherwise many people would be too scared to drive. If I was working in Kuwait, I would like to be insured because while I would buy and drive car I can write off, I may not be able to afford the cost of accidentally damaging some princely supercar. Unfortunately I think they have insurance companies banned as gambling... Correct me if I'm wrong.

[redwolv]

The reason I say America in the top is simply because I don't know how the insurance agencies around the world work.

In UK and elsewhere in the world, the only way you win is by losing. Literally betting against yourself and the only way it's valid is if it's a literal accident.

In free market insurance companies are a positive thing because they allow people with no courage to do courageous things. They provide additional option, and all is ok until you force people to insure themselves against their will (Socialism). Then it becomes pure evil* ;]

Of course, that is exactly what Obamacare is. Of course, 2 + 2 = 4 in real world.


* 'pure evil', as defined by 'forcing people to do things they would not want to be done to themselves' ;]

The thing here you are missing no one is forced to have auto insurance. You can live your life without auto insurance. Now if you want to have the privilege of using a car or other motor vehicle in common areas where others use yes you need to have insurance. This because you have to protect the other people who are on the streets from you or any accidents that may happen.

Obamacare forces you to get medical insurance.