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Is the world becoming uninsurable?

(charleshughsmith.substack.com)
478 points spking | 1 comments | 17 Jan 25 00:32 UTC | HN request time: 0.211s | source
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purplezooey ◴[17 Jan 25 03:51 UTC] No.42733888[source]▶
It’s hard to view insurance as a viable business when overpaying executives has become the norm. Take State Farm, for instance: its CEO was awarded $50 million in compensation over just two years — 2022 and 2023. The industry is rife with waste and high barriers to entry.
replies(2): >>42734182 #>>42743067 #
1. rs999gti ◴[17 Jan 25 20:46 UTC] No.42743067[source]▶
> Take State Farm, for instance: its CEO was awarded $50 million in compensation over just two years — 2022 and 2023.

Honestly, no one would care about CEO pay if the insurance companies would just pay out and make customers whole. Instead, there are mechanisms and processes in place to keep premiums coming in and to reduce or refuse claim payouts.