Ways to fix this, part 3.14159...
A comment elsewhere on DW reminded me of some thoughts I've had insurance companies.
In the long run, they should be converted to non-profits. But doing so would involve having to buy out the shareholders which is a major can opf worms.
A possible short term solution would be to *require* that insurance payments be treated as investing in the company. Need a sneaky but honest lawyer to figure out how to do it right.
But the basic idea is that by making the customers *shareholders* of some sort, they get all sorts of interesting legal rights. Ones that would really make it in the company's interest to *not* screw them over about payouts.
In the long run, they should be converted to non-profits. But doing so would involve having to buy out the shareholders which is a major can opf worms.
A possible short term solution would be to *require* that insurance payments be treated as investing in the company. Need a sneaky but honest lawyer to figure out how to do it right.
But the basic idea is that by making the customers *shareholders* of some sort, they get all sorts of interesting legal rights. Ones that would really make it in the company's interest to *not* screw them over about payouts.