Monday, September 26, 2005

The "Benevolence" of Insurance Companies

The ramp-up has started. Insurance companies, most notably Allstate, have begun airing television commercials telling us of their disaster-response teams. Allstate is even telling us how important it is that they hand out teddy bears to small children who have lost everything.

How nice.

What's interesting to me is how important it must be to people that the insurance company bring them ice for their insulin. My question is, how long are they gonna keep bringing that ice, while you're living under a bridge somewhere?

Look, everybody, insurance companies (individual employee attitudes notwithstanding) don't care if you survive the disaster. They're dressing up their couple-of-thousand-dollars-a-year efforts at "disaster-response" for one purpose and one purpose only. To make you think they care. Why don't we ask them how many claims they expect to pay out as a result of Hurricane Katrina & Hurricane Rita. Go on, ask them.

May It Please The Court is discussing how the courts will determine the legal cause of damages for the purposes of the insurance contracts. So, we'll get hundreds, if not thousands, of homeless people with their future tied up in court, attempting to get the ever-so-caring insurance industry to pony up.

The industry is going to fight. They always do. After all, as everyone with a brain knows, they're not in the business of paying claims. It disrupts their bottom line.

The Red Cross, United Way, a host of private charities, churches, and the government are doing everything they can in order to help those displaced by the hurricanes get immediate needs met. We don't need a "disaster-response" team from an insurance company. Let's tell them to use that money to pay the victims back a little for the windfall profits they've brought in.

Otherwise, we're left with this:

Disaster Responder -- "Hello little girl. I'm from the Ol' Granddad Insurance Company. Your parents have paid us thousands of dollars over the years, to gain peace of mind."

Little Girl -- "Our house just blowed away."

D.R. -- "I know, and I'm sorry about that. Here, have a teddy bear."

L.G. -- "But what about our house?"

D.R. -- "Check your policy. We'll be in touch."

Yeah. Right.

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