But the insurance lobby is powerful and not going away without a fight.
And the Trial Lawyers lobby. And frivolous claims and lawsuits by dishonest customers. Most all Insurance has been a scam. And they really do employ people to deny claims, make huge profits and love selling high premium products like Malpractice insurance for megabucks. 1/3 of the gross price of a private Helicopter used to be just for insurance premiums protecting the manufacturer against it falling out of the sky.
Warren Buffet loved the profitable insurance business. But they do take huge hits with natural disasters, something that the Govt shouldnt necessarily get involved except for public property, roads and extra security. But as unpopular as it sounds the taxpayer in CA shouldnt have to pay for Hurricanes in Florida, or FL taxpayers pay for Earthquakes in CA. Risk is a choice. Regional and local only, RE company contracts for sale should make all full risk coverage included and Banks too, in order to apply for a Mortgage. Not get stuck with uninsured people being subsidized, and Flood and Fire coverage is mandatory no matter the origin and be weaseled out of paying on technicalities like it is now.
but maybe a few of them will realize how other people live and develop a shred of empathy.
I dunno about that. When power and influence peddling is more important, like George Carlin says We are bought and sold and paid for by the “owners”- the politicians, lobbyists, and big corporate donors.
Christopher Hitchens talks about Theocracy. How people willingly give up their freedom for security in the belief the “state” will care for them.
Question is about living under N. korea, but his answer Starts at ~23:00
