A Sneak Peek at the Scheme Part 6

I hope Nowdy doesn’t mind but I took a peek at Chapter 6 of the Scheme series and thought I’d give out an advance teaser as it is so good. Look for the full post soon:

Technology dominated the market for handling claims of property damage following Hurricane Katrina with an on-going off-board version of the monopoly game – played with the insurance industry’s usual three-pronged response when a significant liability risk begins to emerge:

…limit its financial exposure under policies it has already sold by mounting an aggressive litigation campaign against coverage;

…influence public policy and legislation in a manner that limits its potential financial and legal exposure to such claims; and

…begin developing new insurance products to maximize profit opportunities from the emerging risk.

Mere mention of the word fraud has a Viagra-like effect on the brain of the male WASP. If the thought stays up more than 36 hours, policyholders will get screwed – concurrently – by court order, regulatory change and legislation.