Nostr Web Client

My car insurance and condo insurance are up over 25% this year. This is because the entire insurance industry is a total scam that is just paper derivatives sold like 74 times. They never pay out, I’m forced to have them, and every insurance company is completely insolvent.

Badsamm 2y ago

Life insurance has to be the biggest scam/ ponzi. The numbers just don’t make sense.

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Discussion

plebiANON 2y ago

Completely. The insurance industry sneaks under the radar with what a scam they are. There is a reason every third commercial on TV is for insurance. They are the big pharma of finance.

Badsamm 2y ago

What happens to home prices when they can’t get insured?

plebiANON 2y ago

We are gonna find out. The insurance market is breaking.

Badsamm 2y ago

California and Florida home insurance is already showing cracks. Fires and hurricanes are getting expensive

plebiANON 2y ago

It’s everywhere. It’s because they never planned on paying out on any of it. Sounds a lot like some other scam in some other industry that I can’t quite put my finger on.