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Scam insurance

March 2, 2023

The feds have shut down a Christian health insurance scheme. Affiliate scams are successful, because they build on the unwarranted trust people already place in group identity. Insurance is a kind of product that needs regulation and backstop to serve the mass market. Have you ever wondered what would happen if your insurer fails as a business, just as you need it to cover losses? The good news is, you mostly don’t have to worry about that, because of state regulation and mandated reinsurance of various sorts. That depends on the kind of policy, so how that works in your state is worth checking, if you stray beyond the typical.

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