Insurance companies in this country have become as greedy and unscrupulous as their Wall Street counterparts. AIG the largest insurance company on the planet which has unlimited resources almost destroyed the entire economy with reckless and greedy "creative insurance "products. It offered insurance to "credit default swaps." In other words many Wall Street Investment Banks took debt from high risk mortgages bundled them and them incredibly sold them as securities. If that was not bad enough the insurance giant came along and offered insurance on the same securities. When the real estate market collapsed it took 180 billion dollars of taxpayers' money to keep them solvent because "they were too big to fail". They then used taxpayers' money to fund lavish parties. They almost caused the collapse of the economy which resulted in your 401 K plans being cut in half and the loss of millions of jobs. In return, they got paid tens of millions of dollars in bonuses with your tax payer dollars! Good for them but not for our country with a 10% unemployment rate. Their unscrupulous behavior is so sophisticated that state and federal prosecutors can't figure out how to bring criminal charges against them.
It stands to reason that their greed spills over into their insurance units which have alliances with state bureaucracies which could be considered a flagrant conflict of interest. The result is the deprivation of a policy holder's basic civil rights to take action against the insurance companies.
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