Insurance Company Stumbles:
Recurring Stumbles, Including Race Based Underwriting & Improperly Denying Claims
Recently Released!!!
Date Published: March 19, 2020
Summary PowerPoint Deck: 57 Slides
Reference PowerPoint Deck: 925 Slides
The purpose of this research is to provide readers with a comprehensive understanding of insurance company stumbles and their impact on the financial services industry, various products & services, various markets & distribution channels, and specific financial services firms. This research addresses prominent insurance company stumbles such as the race based underwriting scandal, the non-vanishing premiums scandal, the insurance contingency commissions & bid rigging scandal, & Allstate claims denying advice scandal.
Insurance company stumbles can be grouped into four phases, including:
- Insurance Industry Stumbles Phase
- Insider Trading Phase
- Mutual Funds Industry Stumbles Phase
- Ponzi Schemes Phase
Insurance company stumbles can be defined to include dozens of stumbles, including:
- Race Based Underwriting
- Non-Vanishing Premiums
- Prudential Financial & Prudential Securities Commission Sharing
- Products Misrepresentation
- Fake Policies
- Discount Drug Cards
- Predatory Pricing
- Churning
- Viatical Scams
- Improperly Denying Claims
- Insurance Contingency Commissions & Bid Rigging
- Martin Frankel
- Money Laundering
- Finite Reinsurance
- Allstate Claims Denying Advice
- AIG Losses
- Berkshire Hathaway
This research supports three conclusions for insurance company stumbles, including:
- The Continuation of Sub-Standard Industry Ethics
- Hedge Funds, Investment Banks, Retail Banks, & Insurance Companies Continue to be the Most Frequent Repeat Offenders
- Limited Historical Regulator Enforcement Success with the Emergence of Rock Star Enforcers
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