Vulture culture: dirty deals, unpaid claims, and the coming collapse of the insurance industry

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Publisher:
American Management Association,
Pub. Date:
c2008.
Language:
English
Description
We all dutifully write out checks for insurance coverage each month, assuming that if the worst should occur, we'll be protected financially. But what we don't know about the insurance business could—and most probably will—hurt us. Vulture Culture is a hard-hitting exposé of the sorry state of the industry, from tales of rampant, widespread corruption to inconsistent state regulations and the inability—and often unwillingness—of the federal government to protect the rights of denied claimants. The book takes readers into a world of bid-rigging, fraudulent commissions, and secret payoffs, revealing shocking abuses and ominous new trends. Readers will hear about a rogue’s gallery of shady executives, including a CEO whose massive claim denial schemes eventually got him fired ... at great cost to consumers. From the Hurricane Katrina fiasco of unpaid claims, to a revolving door in which former insurance executives regulate their own industry before returning to it themselves, this is a shocking account of an industry on the brink of collapse, and what must be done to fix it before it’s too late.
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ISBN:
9780814409589
081440958
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full_title vulture culture dirty deals unpaid claims and the coming collapse of the insurance industry
author gerst eric d
grouping_category book
lastUpdate 2017-08-14 05:04:24AM

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table_of_contents The crisis : a long time coming -- How the industry got where it is : a rogues' gallery -- How the industry got where it is today : unpaid claims and the storm after Hurricane Katrina -- How the industry got where it is today : foreign takeovers, unregulated reinsurers, insurer and claimant fraud -- The view from outside : report card on the state regulation -- Trends : the next decade -- The public uproar and a crescendo of distrust -- Fifty non-uniform state fiefdoms -- Winds of change: how to improve the industry.
target_audience Other
target_audience_full Other
title Vulture culture dirty deals, unpaid claims, and the coming collapse of the insurance industry
title_display Vulture culture dirty deals, unpaid claims, and the coming collapse of the insurance industry
title_full Vulture culture [electronic resource] : dirty deals, unpaid claims, and the coming collapse of the insurance industry / Eric D. Gerst
title_short Vulture culture
title_sort vulture culture dirty deals, unpaid claims, and the coming collapse of the insurance industry
title_sub dirty deals, unpaid claims, and the coming collapse of the insurance industry