Credit and Insurance; are they supposed to be linked?
Our politicians have allowed for whatever reason, the Insurance and Credit Industries to Link, in a very mutually supportive way. Yet the Question I have come to beleive needs asking is Why? To what end? Is this for the Common Good of all parties, or does it really just feed Big Money and Special Interests that puts predatory practices into place and makes them a jeopardy to all who venture in.
It is near impossible to avoid the need for some form of insurance in today's economy. For the most part, it has become a given that a very large section of our population in any state in this nation is in a disadvantaged situation, that either contributes to their slow payment status in their credit reports, and even inclusion in the leagle market place, of misusing our courts to further persecute the slow payer of our population; mostly the working poor, single parent with a child or children, and often the elderly and disabled.
a few web links, to do some research:
http://www.fairisaac.com/fic/en/industry/insurance/?gclid=CKah3YmEv5ACFQUsPAodBDFxXQ
http://www.cardinalriskmanagement.com/
http://www.findtheupside.com/index.php
Now, what I have been encountering is, that many of the things I am "forced" to engauge in, require a form of Insurance, that I have not really been to aware of lately; either as reason of non use or lack of sufficent need to pay close attention to the connection. Necessity being the mother of invention, or in my case inquiry, I am becoming more aware there is a firmly established and well entrenched in our government process, and daily living.
Presumptions and Assumptions are being made, by government, business, and the insurance industry as a whole, that effect the fabric of our daily lives, in a less then ethical and moral way, in the name of greedy money changers.
Greedy, you may ask? Yes indeed Greedy! And the love of Money, as the root of their addition, to corrupting otherwise simple policies, rather then the extension of agreement under certain agreed upon conditions. It would seem from the research I have done to date, that the Risk Management folks think they have found the perfect "Crystal Ball", by plugging in the "Credit Factor", and connecting their ball to their USB Ports of their servers, and WALLA! We have a wonderful shotgun blast effect type solution to a very precise targeted need. So much collateral damage, causes it to be hard to distinguish the cause and effect of a certain issue, or side when all you see is the blood and gore of the fight for the truth.
What is that need you may ask? Why the very thing we as Americans thrive on of course; individuality, self determination, and personal achievement. What good for instance, does it make for me to have a really good driving record, or go years and years without a claim, after paying premiums' and then become a victim of an incident, I didn't contribute to, other then being in the wrong place, at the wrong time.
if my insurance cost(s), can be affected by my decidedly poor credit score, which, I promote as a good thing in life and living; as I personally prefer to have a Poor Credit Score, and don't encourage conspicuous consumption, or living beyond 25% of ones take home pay. I do this to the extent I don't use credit as routinely, as the average person may otherwise use it.
Does that make me any more a "RISK" in my driving, or home or business practice, then some one with a Perfect, High, Credit score, and a lousy driving record, a history of driving up high balances and has themselves insured to the point they are worth more dead then alive? Now understand, we pay our premium in full for the six months at the time our bill comes in, and we have had no Claims, or moving violations against any driver in our family in the last five years and I have no violations at all at any time ever.
So I ask you? Where does credit come into this picture? Why is it a consideration at all? as I have not been asked to submit to an interview, or physiological exam? And who is making this possible for the Insurance Industry to use it as a tool, or, to evaluate and charge me more, for it being factored into insurance decisions? Or Car rental decisions? Or, Volunteer participation decisions?
My only finding thus far, is that the State of Indiana, along with the Federal Government are lying down on the job, of their representing the Common Good and protecting it's the Common Citizens from "Predatory" firms, applying "Predatory" practices such as the one I have given above.
Now then, having concluded that much from my perspective; if indeed we have an insurance commission, and they set standards of evaluation, protections, and enforcements, are they not also the industry "police and enforcement arm" of the common Good in regard to the insurance industry? Are they not tasked to "REGULATE"? Or are they there as a figure head for the people to assume there is regulation, but only to "CAPTITULATE" in thier carrying out their protections for the 'COMMON GOOD" of all peoples? Or, as it seems on the surface, are they pandering accomplices', of the big money and big special interests groups affecting public policies unduly?
I would say without further qualification and supporting verifiable statistics, that break out the individual characteristics of contributions to the "Risk Factors" item by item, situation by situation and thing by thing as touching a thing. That the insurance INDUSTRY, has hijacked our government and is unduly influencing, the decisions meant to be made on behalf of the Common Good of all, by government leaders and business leaders as well.
It is my now considered opinion, that the Insurance "INDUSTRY" is a bigger part of the national debt problem then I had ever thought to be possible until I had done what research I have done to date. This industry is a prime motivator and driving force, in many of our public polices and decision making in the private and public sectors; not to mention the leagle venues of litigation, and awards by juries for possible misuse and abuse of otherwise common cause issues that everyone is affected by, in day to day life and living in every day life situations.
Except for deliberate or intentional neglect or gross negligence, we should not be paying the price for the "INSURANCE INDUSTRY" extending coverage to obviously Poor Risky Business, and Individuals. The Industry is part of the problem and not part of the solution. It not only need regulating, but overhauling as well, and major restrictions on how they are allowed to influence national, state, and local policies when it comes to any aspect that can reach the Common Good or affect policy making decisions for all Americans and Hoosier in particular.
Another thing I have found linked is the Home, Vehicle and Business insurance that seems to offer discounts to extend further "INSURANCE INDUSTY JEPORDY" to all us by creating a larger pie to extend the potential loss of larger chucks of a larger population pie, and increase the amount of things that can be assessed into the factoring of the "Risk Management Guru's" equations, and their gazing into their Credit Management Crystal balls, and be used to point a finger at our increased risk in our communities.
It is time to Wake Up America! and smell the coffee ( Risk Management Industry) burning on the back burner of what is "ADVERSLY" affecting the lives and fabric of our Republic and driving our cost of living up across our communities everywhere. Credit Management, should have NO PLACE, in deciding who is a safe driver and the cost of insurance to a driver; aside from their driving record, once they have a two or three year record, and after they reach the age of majority. Until there is a "pattern" that one can say is "THE" contributing factor repeated, or over time to their being "more risky" then the average of a given population or significantly riskier due to repeated violations of an "Identical" nature. They as well as the rest of us should be "served" on our own individual merits.
It is time that All Levels of Government; decide to take their respective roles as protectors of the Common Good to the level of identifying and eliminating many of the "PREDITORS" among us who are dressed in "RISK MANAGEMENT" clothing and dress up to go to court, or shroud thier statistical analysis in forms to hard to read or requires a doctorate to understand. This is invasive to the extend it covers your Cell Phone, Vehicles, taxes, and the very decision to live in a given place due to outside influences upon a given community area wise.
Life is not Rocket Science, and neither should our insurance for basic; home, vehicle, Tax Assessment, and term life be. The rest is just so much hooey; and if one can afford to engauge in hooey, then they don't need us to support their additions, to their form of investments or further protection(s) by government to their special interests. Keep the Common Good, Common. Do Not pander or capitulate to special interests, track down and destroy special interest and big money influence, it promotes, that affect our common Good, and is manifesting, in adversity and predatory practices that is disrupting the common good and keep a very regulated and close watch on the ones, we do allowed pander to the special interests of the privileged few.
Technorati Tags: - Email this Forum topic
- 59 reads
Post new comment