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[–] SHIVASHIVASHIVA 1 point 0 points (+1|-1) ago 

Insurance is fraud.

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[–] thrus ago 

If you go in knowing how it works it isn't fraud and any agent is happy to explain the process to it, the companies them selves don't even try to hide it and the fact that they like every other business try to turn a profit isn't hidden either. You may not like how it works but fraud it is not.

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[–] SHIVASHIVASHIVA 1 point -1 points (+0|-1) ago 

I was in the 'nsurance industry' for decades, I know it's fraud. Insurance is corruption.

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[–] blastar 1 point 0 points (+1|-1) ago 

No, it's not. It's risk mitigation by pooling a little money from many people to cover expensive damages/liabilities that are rare but could happen to anyone in the pool. Think of insurance against your house burning down. And that is very useful.

The problem is that nowadays the term insurance is often used for financial products, which have nothing to do with insurance, i.e. risk mitigation. Like whole life insurance or health insurance. They are more like financing plans or just plain subsidies. Often because of government requirements, which have nothing to do with actual risk.

Think birth control vs. cancer in health "insurance". Birth control is no risk which needs to be mitigated, it's just a subsidy. Cancer, on the other hand, is a rare but catastrophic risk you better get covered.

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[–] SHIVASHIVASHIVA 1 point -1 points (+0|-1) ago  (edited ago)

insurance is fraud.

P.S. your anology is ironic and laughable, as cancer is also a fraud. jews are stooopid.