Insurance agents and analysts said many insurers are “quiet quitting” high-risk areas rather than face the public relations or regulatory fallout from an official exit.
Insurance agents and analysts said many insurers are “quiet quitting” high-risk areas rather than face the public relations or regulatory fallout from an official exit.
Insurance companies can only remain solvent to play claims if their customers, on average, lose money to the insurance company. Medicine should be public and not require insurance but to claim all insurance a scam is a fundamental misunderstanding of what insurance is for. You may find the “history of insurance” enlightening.