I don’t want to be the one defending Insurance companies because seriously fuck them.
But… Please correct me if I got it wrong, but for the California fires they are accused of refusing to sell insurance policies or asking very high prizes for them, which is a very different thing than selling the policy and then denying and delaying payments after something has happened.
An insurance company saying they won’t insure you means that the risk is visibly and insanely high. Which it clearly was. If anything this should have been a pretty loud alarm bell that has been ignored.
I don’t want to be the one defending Insurance companies because seriously fuck them.
But… Please correct me if I got it wrong, but for the California fires they are accused of refusing to sell insurance policies or asking very high prizes for them, which is a very different thing than selling the policy and then denying and delaying payments after something has happened.
An insurance company saying they won’t insure you means that the risk is visibly and insanely high. Which it clearly was. If anything this should have been a pretty loud alarm bell that has been ignored.
What is the difference between refusing to renew a contract and refusing to pay the insurance claim from an “ethical” point of few?
If they refuse to play the claim, they are refusing to provide the service you have already paid them for.
If they refuse to renew a contract, they are not taking your money, and not agreeing to provide the service.