dasari4kntr Posted June 4 Report Posted June 4 which sector..became more greedy now a days...? and which one is impacting more human lives..? Note: banking means all sort of banking..including retail...corporate...and investment banking...etc..similarly...insurance means...all sort of insurance...from ticket reservation guarantee insurance to life and house insurance...etc i will start with my opinion first...its...insurance sector which became more greedy and slow poison to society... whether its apple care or electronic gadget insurance..or car insurance or law insurance or home insurance or life insurance or medical or insurance of all insurance which is umbrella insurance ...etc.... there are thousands of variety insurance products are there which just banks on your fear and profiting out of your consumerism... Quote
Joker_007 Posted June 6 Report Posted June 6 On 6/3/2025 at 9:12 PM, dasari4kntr said: which sector..became more greedy now a days...? and which one is impacting more human lives..? Note: banking means all sort of banking..including retail...corporate...and investment banking...etc..similarly...insurance means...all sort of insurance...from ticket reservation guarantee insurance to life and house insurance...etc i will start with my opinion first...its...insurance sector which became more greedy and slow poison to society... whether its apple care or electronic gadget insurance..or car insurance or law insurance or home insurance or life insurance or medical or insurance of all insurance which is umbrella insurance ...etc.... there are thousands of variety insurance products are there which just banks on your fear and profiting out of your consumerism... The problem with insurance sector is the Risk Modeling Kaka... Fed introduced new modeling in Risk Estimation (of course the lobby worked on this)due to this the rates were increased by 10-15% with added Fees ..And another factor is rampant increase in Insurance Fraud especially in Dem's ruled areas. Even though cases are getting filed the DA's are not interested in moving forward with those cases. Another Overhead on the companies... 1 Quote
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