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One could even argue that it’s true

“Dislike or outright hatred of insurance companies is not a recent phenomenon. In may ways, this industry could qualify as the business most people love to hate. Statutes governing the insurance industry have existed since the 1800s, but the second half of the twentieth century saw the largest growth in insurance legislation. Much of the early insurance regulation was a direct response to outright corruption on the part of some insurance companies. For instance, a company might collect life insurance premium payments from an insured for years and then refuse to pay when she dies, leaving her spouse and children in financial straits. Part of this resentment of insurance companies was based on the perception that these large, faceless corporations cared more for profits than their responsibilities to their insured customers. One could argue that this sentiment is still prevalent.” – Neal R. Bevans, Tort Law for Paralegals

Published inEconomicsPolitics & Law

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