6/29/2011

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

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

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