Insurance is not Assurance

National Insurance Act of 1911   (Public Domain)

An integral part of many church services is the Prayer of Confession, followed by the Assurance of Pardon.  Such assurance is vital to every facet of our lives.

There is no equivalent in material matters.  What’s called insurance is often a numbers game that is stacked in favor of corporate gains.  This has been especially true during the pandemic when there were far fewer car accidents.

According to Governor Gretchen Whitmer of Michigan, insurance companies have been hoarding billions of surplus funds rather than distributing them fairly among customers.  She is calling for “$400 back for each vehicle” that drivers own.

New Mexico, Massachusetts and Washington have also been questioning this disparity.  Illinois and Nevada have “class-action lawsuits” pending.  Some companies are waiting on proactive requests from customers before issuing refunds to them.

Resources

https://news.yahoo.com/400-refunds-coming-millions-drivers-160000954.html

Copyright December 13, 2021 by Linda Van Slyke   All Rights Reserved