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eBook Vulture Culture: Dirty Deals, Unpaid Claims, and the Coming Collapse of the Insurance Industry download

by Eric D. Gerst

eBook Vulture Culture: Dirty Deals, Unpaid Claims, and the Coming Collapse of the Insurance Industry download ISBN: 0814400264
Author: Eric D. Gerst
Publisher: AMACOM (April 23, 2008)
Language: English
Pages: 256
ePub: 1465 kb
Fb2: 1361 kb
Rating: 4.1
Other formats: rtf docx mobi txt
Category: Work and Money
Subcategory: Insurance

This is a very interesting read of some very timely issues in the insurance issue. It is also a strong argument for the Federalization of the Insurance Industry by someone who has been involved in the legal side of the industry

This is a very interesting read of some very timely issues in the insurance issue. It is also a strong argument for the Federalization of the Insurance Industry by someone who has been involved in the legal side of the industry. It will be interesting to revisit the premise of the book in five years from now.

Vulture Culture book. Sadly, too many Americans In this book, insurance lawyer Eric D. Gerst defends his stance on the need for federal regulation of the insurance industry

Vulture Culture book. Gerst defends his stance on the need for federal regulation of the insurance industry. To say that the material in this book is quite shocking would be a gross understatement, unless you or someone you know has ever been burned by the insurance industry.

Home Browse Books Book details, Vulture Culture: Dirty Deals, Unpaid Claims, and. The insurance industry is one of the backbones of the . economy, yet it is now in danger of total collapse. Vulture Culture: Dirty Deals, Unpaid Claims, and the Coming Collapse of the Insurance Industry. The previously quiet industry has been hit with a perfect storm-a convergence of serious problems that have been building for years and came together at one time with high media coverage. The results have become disastrous for insurer and insured alike.

VULTURE CULTURE Dirty Deals, Unpaid Claims, and the Coming Collapse of the Insurance Industry. ‘not a word has come out of the White House about maybe there being a structural problem in the insurance industry. How does this affect any of us? Risk. Something no one is talking about. By mid-2005, fteen insurance executives had pleaded guilty to a variety of insurance fraud charges, including scheme to defraud in the rst degree (a class E felony carrying a maximum sentence of 1 to 4 years in prison) and scheme to defraud in the second degree (a Class A misdemeanour with a maximum sentence of 1 year in jail).

Vulture Culture: Dirty Deals, Unpaid Claims, and the Coming Collapse of the Insurance Industry Apr 23, 2008. Book Depository Books With Free Delivery Worldwide. Box Office Mojo Find Movie Box Office Data. ComiXology Thousands of Digital Comics. CreateSpace Indie Print Publishing Made Easy.

In this book, insurance lawyer Eric D. Gerst defends his stance on the need for federal regulation of the insurance . 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.

The insurance industry is on the brink of collapse. Deregulating Property-Liability Insurance : Restoring Competition and Increasing Market Efficiency. by: Cummins, J. David. why do we need to care? And who should we blame?. Risky Business : Insurance Markets and Regulation. by: Powell, Lawrence S. Published: (2013). Regulating the Business of Insurance in A Federal System. by: Zimmerman, Joseph F. Published: (2010). The Future of Insurance Regulation in the United States. by: Grace, Martin F. Published: (2009). by: Palacios, Miguel H.

This book offers the most lucid descriptions of several crucial issues that you are likely to ever encounter. It is well structured, rational, specific, and well documented.

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 exposé 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.
Comments: (7)
Beranyle
This is a timely and important book. Although insurance companies have been getting much bad press the last few years, especially after Hurricane Katrina, this is the first place it has been this thoroughly documented in one place. It's well-written and easy to read. The author doesn't solely regurgitate facts but goes through numerous case studies so you can see countless individuals have been sacrificed to corporate greed and corruption. The title seems a little over the top, but is based on an actual award given out by an insurance company for people who cut down on claims!

Before reading this book, I wasn't sure insurance companies deserved all the bad press they've gotten. Now I know they deserve even more than they get! I was really saddened to read about the heart-wrenching stories related to long-term care and sick children.

Caveat emptor when buying insurance. Read the fine print in your policies carefully, and check out your insurance company. Consumer ratings can be eye opening.
DABY
This book explained pretty much every thing even the layman knows about the insurance industry. It fails to explain why they don't pay, how to get them to pay or any remedies available to the victim of this disgusting industry.

Perhaps it's my own fault for buying the wrong book, but telling me the insurance industry is dirty for over 200 pages is redundant. I and every American knows that. There could have been much greater emphasis on the "what" rather than the why. Preferably, "how one gets their claim paid"

Or "How one can deal with these vultures" rather than the "coming collapse". To melodramatic and not practical enough.
Keramar
This is a very interesting read of some very timely issues in the insurance issue. It is also a strong argument for the Federalization of the Insurance Industry by someone who has been involved in the legal side of the industry. It will be interesting to revisit the premise of the book in five years from now.
Braswyn
ok
Coiriel
In this tough economy everyone is watching their spending, trying to make that buck stretch just a little further, and insurance companies are no different. If you have ever had to make a claim, you may already be aware of the problems associated with getting what is fair. The people effected in some of the recent disasters, Hurricane Katrina, Rita, Wilma, Gustav, Ike and the California wildfires, know all too well what it's like not to receive a fair claim payment from their insurance companies, you're better off believing a poker player than a insurance claims adjuster in most cases. Many insurance companies are constantly under investigation by the department of insurance and have paid large fines and settlements for unfair claims practices, just run an advanced search on your insurance carrier and see just how many lawsuits have been filed against your insurance company for wrongfully denied claims, minimal pay outs, bad faith and many unfair claims tactics.

Historically the insurance industry is known for taking advantage of storm victims by doing such things as delaying payments and not showing up to the property in a reasonable time to inspect the damage, even when they promise a 24-hour response service. "You're lucky if you hear from your insurance adjuster three weeks after the hurricane makes landfall," says Steve Slepcevic Read your policy carefully before the disaster happens and read this book among others to avoid the pitfalls...
Faulkree
This book is a thorough analysis of the insurance industry and the many problems that are plaguing it. It's well-paced, and filled with facts and andecdotes that are sometimes alarming, and ultimately illuminating. More than a critique, he offers compelling solutions to the crisis, which makes this book a powerful tool in the push for reform. The editorial cartoons are excellent as well.
Wanenai
Yeah, we all know what a great job the federal government has done in regulating the savings and loan and banking industries. @@

If a consumer has a problem, they are likely to get far better results with a local regulator than from some faceless bureaucrat in Washington, DC.
This book is a must read. It gives a clear picture of just how faulty the insurance business can be because of cracks in laws related to insurance. The author not only shows you where we could end up in insurance, he also gives simple practical solutions to make the insurance industry better and more secure, especially for consumers like you and me. This book is compelling and is full of stories and examples everyone can relate to.