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.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.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.