Insurance Companies are the Biggest Mafia in the World
This will only continue to give insurance companies millions, if not billions, in excess, of capital on reserve. It would be a tool to serve them as other commentaries have concluded - to not pay claims. Think about it. You have to insure your health, vision, teeth (now commonly billed separately), your home, your life, and your car. How many thousands of dollars are you paying each year? Have you ever totaled it up? And remember folks - home, life, car, & additional assets are not using tax-free dollars. A car plowed into my rear durng a rainstop while everyone was stopped, including him. ****** was on his cell phone. Ten year old child in the car talking to me and next thing you know, this ****** rams my rear. He admitted to police what happened. When the insurance companies got involved, he denied it. My car was totaled and he was proven to be 100% at fault. The claims rep I dealt with was "busy" so if I wanted to expedite things, I could take matters into my own hands to get what was due back to me more quickly. So I performed the jobs of a claims rep who clearly didn't want to do hers. Hail to AIG's failure and the biggest bailout in history. Hail to these SOB's running these companies into the ground while making sure they are paid excessively. Give them another tool to try to disallow a valid claim based on a "black box." Hell, not hail, NO. I will dismantle the thing myself.
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