insurance as a profit-motivated business will always be dumb, the perverse incentive of making more profit for not doing your job (paying out to cover claims) cannot be removed from the structure of a for-profit insurance company and will always skew the insurance company towards perversion. charity and disaster remediation should always be not-for-profit. it just doesn't make sense any other way. but at this point, with the amount of profit they make, it'll take a tremendous effort to destroy them.
United States