Vulture Culture: Dirty Deals, Unpaid Claims, and the Coming Collapse of the Insurance Industry贪婪与保险业的坍塌 mobi pdf azw3 夸克云 pdb 115盘 lrf 下载

When an insurance claim of his was denied, causing him financial and emotional distress although the matter was subsequently settled, Gerst, an insurance attorney, conducted extensive research on the industry and concluded that something was fundamentally wrong. His highly critical exposé points out the lack of uniform state regulations and absence of federal oversight of the industry, which he concludes results in a system that consistently favors the insurer over the consumer. He describes the insurance scandals uncovered from 2004 to 2006 and reports on the cases against Marsh & McLennan, AIG, and others. Gerst’s solutions include “consumerizing” state insurance departments to ensure fair treatment for consumers, federalization of regulation and oversight of the industry, and new federal insurance laws. Although all will not agree with Gerst’s analysis, he quotes the National Association of Insurance Commissioners: “Insurance . . . with more than $1 trillion in annual premiums earned per year, is in a crisis and is on the brink of major exposure and massive change.” --Mary Whaley

INTRODUCTION

ACKNOWLEDGMENTS

PART ONE THE CRISIS

1 The Crisis: A Long Time Coming

2 How the Industry Got Where It Is Today: A Rogues' Gallery

3 How the Industry Got Where It Is Today: Unpaid Claims and the Storm After Hurricane Katrina

4 How the Industry Got Where It is Today: Foreign Takeovers,Unregulated Reinsurers, Insurer and Claimant Fraud

5 The View from Outside: A Report Card on State Regulation

6 Trends: The Next Decade

7 The Public Uproar and a Crescendo of Distrust

PART TWO THE SOLUTION

8 Fifty Nonuniform State Fiefdoms

9 Winds of Change: How to Improve the Industry

10 The Solution:UFOIL——A Two Step Process of Consumerization and Federalization

INDEX

ABOUT THE AUTHOR

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书籍介绍

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 expose 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.