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0 pointsChrisMarshallNY4y ago0 comments

I remember watching an old episode of The Beverly Hillbillies, where an insurance executive was talking to one of his employees, and said:

    "The job of an insurance company is to take in as much money as possible, then refuse to pay it back."

0 pointsChrisMarshallNY4y ago0 comments

I remember watching an old episode of The Beverly Hillbillies, where an insurance executive was talking to one of his employees, and said:

    "The job of an insurance company is to take in as much money as possible, then refuse to pay it back."

0 comments

5 comments · 2 top-level

arp2424y ago· 2 in thread

To be fair, fraud is a serious issue. If there were no checks at all then every innkeeper would be burning their tavern down right after getting an inn-sewer-ants polly-sea.

ekianjo4y ago

To be fair, policy opacity with tiny letters clauses is a serious issue. If there were a few hundred execeptions less insurances would still turn a massive profit.

ChrisMarshallNYOP4y ago

Had to give a thumbs-up for the Sir Terry reference.

WJW4y ago· 1 in thread

Perhaps The Beverly Hillbillies is not the most reliable source for business model information.

ChrisMarshallNYOP4y ago

It was basically a lighthearted posting. I apologize for being unclear, but I thought that mentioning the show would have indicated this.

j / k navigate · click thread line to collapse

0 comments

5 comments · 2 top-level

arp2424y ago· 2 in thread

To be fair, fraud is a serious issue. If there were no checks at all then every innkeeper would be burning their tavern down right after getting an inn-sewer-ants polly-sea.

ekianjo4y ago

To be fair, policy opacity with tiny letters clauses is a serious issue. If there were a few hundred execeptions less insurances would still turn a massive profit.

ChrisMarshallNYOP4y ago

Had to give a thumbs-up for the Sir Terry reference.

WJW4y ago· 1 in thread

Perhaps The Beverly Hillbillies is not the most reliable source for business model information.

ChrisMarshallNYOP4y ago

It was basically a lighthearted posting. I apologize for being unclear, but I thought that mentioning the show would have indicated this.

j / k navigate · click thread line to collapse