The strange business of hole-in-one insurance
I worked in reinsurance. It is an ugly system of regulated 20% profits by law that prey on the least financially stable because by law they must buy it.<p>Then some suit wearing gold Rolex leasing an Audi S7 bundles them at his firm and goes and peddles their book to a bunch of overseas dark money. Like screw bitcoin investigations, there are billions of dirty dollars sloshing around in London, the Caribbean, Europe and I think Macau is getting in on it.<p>The industry should be dismantled and the profiteering white collar not-criminals-because-it’s-legal-and-they-pay-to-keep-it-that-way scum should finish their careers in labor camps to repay their debt to society as a whole. You think I’m kidding.