“Tort Reform!” screams the insurance industry during a time of record profits?!?!
Torts and attorneys are the final protection for the American public against an industry that is not here to help people. Your entire industry is based upon not paying or paying the absolute minimum regarding customer claims in order to continue stock-piling record profits and large amounts of cash.
A profit of $88 Billion (yes, billions) in 2023 for P/C alone. Yet you complain about a jury’s decision in punitive damages of $91 million? Punitive damages exist to protect the public at large. Punitive damages are designed to gain the attention of big American business and discourage whatever behavior that led to such an award.
America. Land of the Big Business profits at the expense of the American public. Always. Don’t be fooled by these individuals and articles like this people. Do your research and know why protections exist for the little guy. Make sure you check the bottom line of the industry that is complaining about “costs and expenses” being passed on to you at a time when record profits are being recorded.
National Working Capital Fund for all insurance and all Americans. That’s the dream.
“Tort Reform!” screams the insurance industry during a time of record profits?!?!
Torts and attorneys are the final protection for the American public against an industry that is not here to help people. Your entire industry is based upon not paying or paying the absolute minimum regarding customer claims in order to continue stock-piling record profits and large amounts of cash.
A profit of $88 Billion (yes, billions) in 2023 for P/C alone. Yet you complain about a jury’s decision in punitive damages of $91 million? Punitive damages exist to protect the public at large. Punitive damages are designed to gain the attention of big American business and discourage whatever behavior that led to such an award.
America. Land of the Big Business profits at the expense of the American public. Always. Don’t be fooled by these individuals and articles like this people. Do your research and know why protections exist for the little guy. Make sure you check the bottom line of the industry that is complaining about “costs and expenses” being passed on to you at a time when record profits are being recorded.
National Working Capital Fund for all insurance and all Americans. That’s the dream.