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Why is it embarrassing to work for an insurance? Most insurances exist for a reason and are vital for most people/businesses. It's often said that insurances ca

by dx034 8y ago

Why is it embarrassing to work for an insurance? Most insurances exist for a reason and are vital for most people/businesses. It's often said that insurances can be boring to work for but never heard that the sector has a terrible reputation.

ntsplnkv2 8y ago
Health insurance doesn't have a terrible reputation in the US?
- dx034 8y ago
  Most health insurance companies do but not all. And of Non-life insurance companies (property, car) there's generally not such a bad perception. But I'm not based in the US so can't say. At least in Europe, most people are not the biggest fan of insurances but they recognise the need for them.
  - scruple 8y ago
    Allstate and State Farm famously skipped insurance payouts for victims of Hurricane Katrina. More recently, victims of the Tubbs Fire in Santa Rosa, CA are locked in a legal battle with their property insurers. I agree with you that you _must_ have it, regardless of personal feelings or perception, but it's very far from perfect and probably very far from most measures of "good," too.
    - dx034 8y ago
      Maybe it's because I'm based in Europe. It doesn't appear to be the same to me here. Insurances obviously also try to prevent paying out but that's mostly in unclear cases or where there was some fault. All cases I know from friends & family were paid rather quickly..
sjg007 8y ago
I think because in many cases they deny legit benefits on technicalities or by process or negligent actions.
philipodonnell 8y ago
> Most insurances exist for a reason and are vital for most people/businesses. It's often said that insurances can be boring to work for but never heard that the sector has a terrible reputation. C'mon, you've never heard of any part of the insurance sector having a terrible reputation? > According to a recent Harris Poll, health and life insurance companies are among the least-trusted companies in the US. Just 7% of the surveyed 2,250 adults told Harris they trusted their health insurance company, while 10% said the same of life insurance companies. ... The health and life insurance sectors narrowly beat out telemarketing and social media companies, with a 6% approval rating; oil companies with 4%; and tobacco companies with an abysmal 3%. https://www.insurancebusinessmag.com/us/news/breaking-news/americas-leastrespected-industries-how-does-insurance-fare-16552.aspx https://www.insurancebusinessmag.com/us/news/breaking-news/a...
- dx034 8y ago
  That's life insurance and maybe health. That's still only part of the whole sector. It's quite easy to explain why property insurance is useful. Social media at 6% is interesting though, does that include tech companies like Facebook?

by dx034 8y ago

ntsplnkv2 8y ago

Health insurance doesn't have a terrible reputation in the US?

dx034 8y ago
Most health insurance companies do but not all. And of Non-life insurance companies (property, car) there's generally not such a bad perception. But I'm not based in the US so can't say. At least in Europe, most people are not the biggest fan of insurances but they recognise the need for them.
- scruple 8y ago
  Allstate and State Farm famously skipped insurance payouts for victims of Hurricane Katrina. More recently, victims of the Tubbs Fire in Santa Rosa, CA are locked in a legal battle with their property insurers. I agree with you that you _must_ have it, regardless of personal feelings or perception, but it's very far from perfect and probably very far from most measures of "good," too.
  - dx034 8y ago
    Maybe it's because I'm based in Europe. It doesn't appear to be the same to me here. Insurances obviously also try to prevent paying out but that's mostly in unclear cases or where there was some fault. All cases I know from friends & family were paid rather quickly..

sjg007 8y ago

I think because in many cases they deny legit benefits on technicalities or by process or negligent actions.

philipodonnell 8y ago

> Most insurances exist for a reason and are vital for most people/businesses. It's often said that insurances can be boring to work for but never heard that the sector has a terrible reputation. C'mon, you've never heard of any part of the insurance sector having a terrible reputation? > According to a recent Harris Poll, health and life insurance companies are among the least-trusted companies in the US. Just 7% of the surveyed 2,250 adults told Harris they trusted their health insurance company, while 10% said the same of life insurance companies. ... The health and life insurance sectors narrowly beat out telemarketing and social media companies, with a 6% approval rating; oil companies with 4%; and tobacco companies with an abysmal 3%. https://www.insurancebusinessmag.com/us/news/breaking-news/americas-leastrespected-industries-how-does-insurance-fare-16552.aspx https://www.insurancebusinessmag.com/us/news/breaking-news/a...

dx034 8y ago
That's life insurance and maybe health. That's still only part of the whole sector. It's quite easy to explain why property insurance is useful. Social media at 6% is interesting though, does that include tech companies like Facebook?