It seems to me insurance companies must break into two categories. The first are honest agents operating on a house-always-wins model. Meaning, over a sufficien

It seems to me insurance companies must break into two categories. The first are honest agents operating on a house-always-wins model. Meaning, over a sufficiently large time and sufficiently large customer base they pay out less than they receive, but only a normal cost + profit margin amount less. Pay out more than that and they go out of business. The second category would be dishonest agents, which try to avoid payout and have windfall profits and basically skirt the line where lawsuits and reputational damage make that kind of profit impossible. Long term operation as such a business is challenging due to word of mouth, so they must often rebrand or change business names, or just make their products too confusing to understand.