Mandated insurance that isn’t a crown corporation beholden to ratepayers is a perfect example. If you have mandated insurance for something, and that private insurance has a shareholder requirement to see growth every quarter, and the same amount of things are being insured, only one thing can happen:
Rates go up with denials
Payouts go down
Eventually you’re paying for insurance you know is worthless but it’s mandated by law.
Mandated insurance that isn’t a crown corporation beholden to ratepayers is a perfect example. If you have mandated insurance for something, and that private insurance has a shareholder requirement to see growth every quarter, and the same amount of things are being insured, only one thing can happen:
Rates go up with denials
Payouts go down
Eventually you’re paying for insurance you know is worthless but it’s mandated by law.