2.19.2006

Auto Insurance Fiasco

Here’s another example of how we’ve become a nation of sheep

A story in today’s Boston Globe points out how it takes only a matter of weeks for an Insurance Company to determine that a driver was at fault in an auto accident, yet it will take that same driver twelve to eighteen months for the appeal process to be heard. In the meantime while these appealing drivers wait for a hearing they are forced to pay a surcharge which will be returned without interest if the driver wins the appeal.

Not a bad way to make some extra money for these sleazy Insurance Companies as if they need more money. They can invest your money to make additional money yet if you win your appeal they say thank you very much for the business. With roughly 60 percent of appellants winning their cases, which means close to 30,000 consumers a year are paying surcharges they shouldn't be paying. But as sheep we just follow the sleazy shepherd (Insurance Companies) to the slaughterhouse.

I wonder who’s sleeping with the shepherd. I wonder who’s benefiting from this inept form of appeal process. I wonder who gave us this wonderful system of surcharges. I would get better odds dealing with a loan shark, but lo and behold for them to do it is illegal but when the Insurance Companies do the same it’s lawful. Why?

Answer: Our wonderful elected officials are in bed with them. They are getting a piece of the action. Do they ever mention this to you when they are running for reelection? Of course not. They mention all the good things they have done for you.

And all we do is say baahh, baahh, baahh.

Wait until you see the new rating system they’ve cooked up for you? I think I’ll go into the paper business because all I’ve seen from recent legislation is additional paperwork which makes me fork over more of my green paper currency.

No comments: